Rush Street Interactive, Inc. (NYSE:RSI) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.43.

A number of equities research analysts have recently commented on the company. Needham & Company LLC raised their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Craig Hallum lifted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday. Finally, Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, insider Einar Roosileht sold 48,968 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 of the company’s stock, valued at $11,657,299.68. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mattias Stetz sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $12.00, for a total value of $60,000.00. Following the completion of the sale, the chief operating officer now directly owns 575,484 shares of the company’s stock, valued at approximately $6,905,808. The trade was a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 542,106 shares of company stock valued at $6,757,094 over the last 90 days. 56.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rush Street Interactive in the 3rd quarter valued at about $44,000. Point72 DIFC Ltd acquired a new stake in Rush Street Interactive in the 3rd quarter valued at about $70,000. New York State Teachers Retirement System grew its holdings in Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares during the period. Quarry LP increased its position in Rush Street Interactive by 15.9% during the second quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after buying an additional 1,200 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Rush Street Interactive in the second quarter valued at approximately $98,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Trading Up 4.1 %

Shares of Rush Street Interactive stock opened at $14.78 on Wednesday. The stock’s fifty day simple moving average is $13.00 and its 200 day simple moving average is $10.98. The company has a market capitalization of $3.34 billion, a PE ratio of -739.00 and a beta of 1.88. Rush Street Interactive has a 12 month low of $3.56 and a 12 month high of $14.96.

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.