Rush Street Interactive, Inc. (NYSE:RSI) Receives Average Rating of “Buy” from Brokerages

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have received an average recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.50.

A number of equities analysts recently commented on RSI shares. Benchmark lifted their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Macquarie restated an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. Jefferies Financial Group boosted their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th.

Insider Activity at Rush Street Interactive

In related news, insider Einar Roosileht sold 48,968 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total transaction of $687,510.72. Following the transaction, the insider now owns 830,292 shares in the company, valued at $11,657,299.68. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Judith Gold sold 118,001 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $13.55, for a total transaction of $1,598,913.55. Following the sale, the director now directly owns 21,999 shares in the company, valued at $298,086.45. The trade was a 84.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 988,545 shares of company stock worth $13,174,489 over the last 90 days. 56.89% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds have recently bought and sold shares of RSI. Price T Rowe Associates Inc. MD boosted its stake in Rush Street Interactive by 7,958.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock worth $27,843,000 after acquiring an additional 2,004,059 shares in the last quarter. Topline Capital Management LLC bought a new stake in Rush Street Interactive during the fourth quarter worth about $24,851,000. William Blair Investment Management LLC bought a new stake in Rush Street Interactive during the fourth quarter worth about $21,635,000. Nicholas Investment Partners LP bought a new stake in Rush Street Interactive during the fourth quarter worth about $14,970,000. Finally, Vanguard Group Inc. boosted its stake in Rush Street Interactive by 14.0% during the fourth quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock worth $117,943,000 after acquiring an additional 1,056,583 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Up 0.1 %

Shares of NYSE:RSI opened at $10.95 on Monday. The stock has a market cap of $2.50 billion, a PE ratio of -547.25 and a beta of 1.92. The company’s fifty day moving average is $13.38 and its 200 day moving average is $12.42. Rush Street Interactive has a 52 week low of $5.71 and a 52 week high of $16.78.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.