Rush Street Interactive, Inc. (NYSE:RSI) Given Average Recommendation of "Moderate Buy" by Brokerages

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $14.00.

RSI has been the subject of a number of recent analyst reports. JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Craig Hallum upped 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 raised their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, January 17th.

Insider Buying and Selling at Rush Street Interactive

In other news, insider Paul Wierbicki sold 7,500 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.00, for a total value of $105,000.00. Following the completion of the transaction, the insider now directly owns 139,482 shares in the company, valued at $1,952,748. This trade represents a 5.10 % 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, CEO Richard Todd Schwartz sold 45,256 shares of Rush Street Interactive stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.51, for a total transaction of $611,408.56. Following the completion of the transaction, the chief executive officer now directly owns 1,762,227 shares in the company, valued at $23,807,686.77. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 833,353 shares of company stock valued at $11,760,336 in the last three months. Corporate insiders own 56.89% of the company's stock.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp bought a new stake in Rush Street Interactive in the fourth quarter worth approximately $1,123,000. PharVision Advisers LLC acquired a new stake in Rush Street Interactive in the 4th quarter worth approximately $400,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Rush Street Interactive by 171.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,966 shares of the company's stock worth $2,250,000 after purchasing an additional 103,546 shares during the period. Voloridge Investment Management LLC grew its holdings in Rush Street Interactive by 1,084.0% during the fourth quarter. Voloridge Investment Management LLC now owns 194,033 shares of the company's stock valued at $2,662,000 after purchasing an additional 177,645 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Rush Street Interactive in the fourth quarter valued at approximately $783,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI traded down $1.45 during trading on Thursday, reaching $13.96. 1,086,460 shares of the stock traded hands, compared to its average volume of 1,937,484. Rush Street Interactive has a 52-week low of $5.22 and a 52-week high of $16.78. The stock has a 50-day moving average of $14.45 and a two-hundred day moving average of $12.13. The stock has a market cap of $3.15 billion, a P/E ratio of -698.15 and a beta of 1.88.

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.