Analysts Set Rush Street Interactive, Inc. (NYSE:RSI) Price Target at $19.78

Rush Street Interactive, Inc. (NYSE:RSI) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $20.75.

Several equities analysts have recently issued reports on RSI shares. Needham & Company LLC boosted their price objective on Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rush Street Interactive in a research report on Wednesday, October 8th. Benchmark boosted their price objective on Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Jefferies Financial Group boosted their price objective on Rush Street Interactive from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $24.00 price objective on shares of Rush Street Interactive in a research report on Thursday.

Insider Activity

In other news, insider Einar Roosileht sold 70,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $21.47, for a total value of $1,502,900.00. Following the completion of the transaction, the insider directly owned 876,150 shares in the company, valued at $18,810,940.50. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mattias Stetz sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $20.10, for a total transaction of $603,000.00. Following the completion of the transaction, the chief operating officer owned 224,806 shares of the company’s stock, valued at $4,518,600.60. This trade represents a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 796,753 shares of company stock worth $15,732,213 over the last three months. Corporate insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in shares of Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock valued at $27,000 after acquiring an additional 1,232 shares in the last quarter. Summit Securities Group LLC acquired a new stake in Rush Street Interactive in the 1st quarter valued at about $33,000. Farther Finance Advisors LLC acquired a new stake in Rush Street Interactive in the 2nd quarter valued at about $42,000. Osaic Holdings Inc. lifted its holdings in Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after acquiring an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Rush Street Interactive in the 2nd quarter valued at about $90,000. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive Stock Down 0.1%

RSI opened at $16.94 on Tuesday. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 67.76 and a beta of 1.87. Rush Street Interactive has a fifty-two week low of $9.54 and a fifty-two week high of $22.65. The company’s 50-day moving average price is $20.20 and its 200 day moving average price is $16.57.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The company had revenue of $277.91 million for the quarter, compared to analyst estimates of $264.60 million. During the same quarter last year, the business earned $0.05 earnings per share. Rush Street Interactive’s revenue was up 19.7% compared to the same quarter last year. Rush Street Interactive has set its FY 2025 guidance at EPS. Research analysts anticipate that Rush Street Interactive will post 0.04 earnings per share for the current year.

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.