Rush Street Interactive, Inc. (NYSE:RSI) Receives $12.43 Average PT from Analysts

Shares of Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $12.43.

Several equities analysts have recently commented on RSI shares. Craig Hallum upped their target price on Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. 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. Finally, Jefferies Financial Group lifted their target price on Rush Street Interactive from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Thursday, October 31st.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 25,934 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.30, for a total transaction of $318,988.20. Following the completion of the transaction, the chief financial officer now directly owns 338,614 shares in the company, valued at $4,164,952.20. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Todd Schwartz sold 103,905 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $11.02, for a total value of $1,145,033.10. Following the sale, the chief executive officer now owns 1,703,578 shares of the company's stock, valued at $18,773,429.56. The trade was a 5.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 475,596 shares of company stock valued at $5,823,293 in the last three months. Corporate insiders own 56.89% of the company's stock.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rush Street Interactive during the 3rd quarter valued at approximately $44,000. Point72 DIFC Ltd bought a new stake in Rush Street Interactive during the 3rd quarter worth $70,000. New York State Teachers Retirement System grew its position 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 worth $75,000 after acquiring an additional 1,020 shares during the last quarter. Quarry LP increased its holdings in Rush Street Interactive by 15.9% in the 2nd quarter. Quarry LP now owns 8,762 shares of the company's stock worth $84,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in Rush Street Interactive in the second quarter valued at about $98,000. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Stock Performance

RSI traded up $0.11 on Wednesday, reaching $13.72. The company had a trading volume of 1,524,933 shares, compared to its average volume of 1,675,926. The stock has a market cap of $3.10 billion, a P/E ratio of -686.00 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 $14.92. The company's fifty day moving average is $12.64 and its 200 day moving average is $10.82.

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.