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

Rush Street Interactive, Inc. (NYSE:RSI) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $12.43.

A number of equities analysts have recently issued reports on the company. Craig Hallum upped their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their target price on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Jefferies Financial Group increased their price target on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st.

Rush Street Interactive Stock Down 2.5 %

NYSE RSI opened at $11.13 on Tuesday. Rush Street Interactive has a 52 week low of $3.56 and a 52 week high of $12.46. The company has a 50 day moving average price of $10.68 and a 200 day moving average price of $9.69. The firm has a market cap of $2.51 billion, a PE ratio of -556.50 and a beta of 1.78.

Insider Buying and Selling

In other Rush Street Interactive news, CFO Kyle Sauers sold 25,934 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.30, for a total transaction of $318,988.20. Following the sale, the chief financial officer now directly owns 338,614 shares of the company’s stock, valued at approximately $4,164,952.20. This trade represents a 7.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Wierbicki sold 35,000 shares of Rush Street Interactive stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.23, for a total value of $393,050.00. Following the transaction, the insider now owns 139,982 shares of the company’s stock, valued at $1,571,997.86. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 210,934 shares of company stock valued at $2,075,538 over the last quarter. 56.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Rush Street Interactive by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock worth $35,683,000 after acquiring an additional 85,736 shares in the last quarter. Geode Capital Management LLC boosted its position in Rush Street Interactive by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock worth $18,843,000 after purchasing an additional 92,314 shares in the last quarter. State Street Corp grew its holdings in Rush Street Interactive by 3.6% in the third quarter. State Street Corp now owns 1,612,892 shares of the company’s stock valued at $17,500,000 after purchasing an additional 55,697 shares during the period. Renaissance Technologies LLC grew its holdings in Rush Street Interactive by 47.3% in the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock valued at $14,425,000 after purchasing an additional 482,872 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Rush Street Interactive by 157.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock valued at $13,666,000 after buying an additional 872,367 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

About Rush Street Interactive

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.