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

Rush Street Interactive, Inc. (NYSE:RSI) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $14.00.

RSI has been the topic of several recent research reports. Jefferies Financial Group raised their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Needham & Company LLC upped their target price on shares of Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Craig Hallum raised 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th.

Insiders Place Their Bets

In other Rush Street Interactive news, insider Paul Wierbicki sold 7,500 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now directly owns 139,387 shares in the company, valued at approximately $2,090,805. This trade represents a 5.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Richard Todd Schwartz sold 103,905 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.02, for a total transaction of $1,145,033.10. Following the sale, the chief executive officer now directly owns 1,703,578 shares of the company’s stock, valued at $18,773,429.56. This represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 884,287 shares of company stock worth $11,632,978. Corporate insiders own 56.89% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RSI. R Squared Ltd bought a new stake in Rush Street Interactive in the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in shares of Rush Street Interactive in the fourth quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rush Street Interactive during the third quarter worth $44,000. Point72 DIFC Ltd bought a new position in Rush Street Interactive in the third quarter valued at $70,000. Finally, New York State Teachers Retirement System increased its stake in Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after buying an additional 1,020 shares during the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

Rush Street Interactive Stock Down 3.2 %

Shares of RSI opened at $13.92 on Friday. The stock’s fifty day simple moving average is $13.93 and its 200-day simple moving average is $11.47. The firm has a market capitalization of $3.14 billion, a PE ratio of -696.15 and a beta of 1.88. Rush Street Interactive has a 12-month low of $5.11 and a 12-month high of $15.98.

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.