Rush Street Interactive, Inc. (NYSE:RSI) Receives $12.43 Consensus Price Target from Analysts

Rush Street Interactive, Inc. (NYSE:RSI) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $12.43.

Several research analysts have weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday. Craig Hallum increased their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted 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. Finally, Needham & Company LLC increased their price objective 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.

Insiders Place Their Bets

In other news, COO Mattias Stetz sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.50, for a total transaction of $362,500.00. Following the completion of the sale, the chief operating officer now owns 550,484 shares of the company’s stock, valued at approximately $7,982,018. This represents a 4.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Wierbicki sold 35,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the sale, the insider now owns 139,982 shares in the company, valued at $1,571,997.86. This represents a 20.00 % 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 worth $6,757,094 in the last 90 days. Company insiders own 56.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

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

Rush Street Interactive Price Performance

Shares of RSI opened at $14.78 on Wednesday. The company’s 50-day moving average is $13.00 and its 200-day moving average is $10.98. The firm 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 fifty-two week low of $3.56 and a fifty-two week 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.