Rush Street Interactive (NYSE:RSI) Stock Price Expected to Rise, Benchmark Analyst Says

Rush Street Interactive (NYSE:RSI) had its target price hoisted by Benchmark from $12.00 to $14.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

RSI has been the topic of a number of other reports. Craig Hallum boosted their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC reissued a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a report on Thursday. Finally, Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $15.50.

Rush Street Interactive Price Performance

RSI opened at $11.66 on Friday. Rush Street Interactive has a fifty-two week low of $5.22 and a fifty-two week high of $16.78. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -583.00 and a beta of 1.88. The company’s 50 day moving average price is $14.35 and its two-hundred day moving average price is $12.27.

Insider Activity at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 45,256 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.51, for a total transaction of $611,408.56. Following the transaction, the chief executive officer now owns 1,762,227 shares in the company, valued at $23,807,686.77. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Wierbicki sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total transaction of $112,500.00. Following the transaction, the insider now owns 139,387 shares in the company, valued at $2,090,805. The trade was a 5.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 825,853 shares of company stock worth $11,655,336 in the last quarter. Company insiders own 56.89% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of RSI. New York State Teachers Retirement System increased its stake in Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after purchasing an additional 1,020 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Rush Street Interactive by 0.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock valued at $3,572,000 after purchasing an additional 1,087 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rush Street Interactive by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company’s stock valued at $594,000 after purchasing an additional 1,632 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its stake in Rush Street Interactive by 7.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after purchasing an additional 1,745 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Rush Street Interactive during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.