Flutter Entertainment plc (NYSE:FLUT – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,560,000 shares, an increase of 6.6% from the September 15th total of 3,340,000 shares. Based on an average daily trading volume, of 1,980,000 shares, the short-interest ratio is presently 1.8 days. Approximately 4.5% of the shares of the company are sold short.
Flutter Entertainment Stock Up 2.9 %
Shares of Flutter Entertainment stock traded up $6.66 during trading on Thursday, reaching $234.65. The company’s stock had a trading volume of 1,611,876 shares, compared to its average volume of 1,070,107. Flutter Entertainment has a 12-month low of $148.00 and a 12-month high of $252.84. The business has a 50 day moving average price of $219.93 and a 200-day moving average price of $202.74.
Flutter Entertainment (NYSE:FLUT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $1.26. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.41 billion. On average, sell-side analysts predict that Flutter Entertainment will post 4.75 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have commented on FLUT. Oppenheimer lifted their price target on Flutter Entertainment from $255.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Moffett Nathanson boosted their target price on Flutter Entertainment from $245.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, September 26th. BTIG Research boosted their target price on Flutter Entertainment from $245.00 to $249.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Morgan Stanley started coverage on Flutter Entertainment in a report on Thursday, August 22nd. They issued an “overweight” rating and a $247.00 target price on the stock. Finally, Bank of America started coverage on Flutter Entertainment in a report on Monday. They issued a “buy” rating and a $300.00 target price on the stock. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $275.92.
Read Our Latest Stock Report on FLUT
Institutional Trading of Flutter Entertainment
Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in Flutter Entertainment during the first quarter worth $28,000. Rothschild Investment LLC purchased a new stake in Flutter Entertainment during the second quarter worth $37,000. CWM LLC purchased a new stake in Flutter Entertainment during the second quarter worth $40,000. Hilltop National Bank purchased a new stake in Flutter Entertainment during the second quarter worth $101,000. Finally, Financial Perspectives Inc purchased a new stake in Flutter Entertainment during the first quarter worth $102,000.
About Flutter Entertainment
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.
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