Rush Street Interactive, Inc. (NYSE:RSI) Given Average Rating of "Buy" by Analysts

Shares of Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) have been assigned a consensus recommendation of "Buy" from the nine analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.50.

A number of brokerages have recently issued reports on RSI. Benchmark boosted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Jefferies Financial Group boosted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Needham & Company LLC reiterated a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. Susquehanna upgraded Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, Macquarie reiterated an "outperform" rating and set a $16.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th.

Rush Street Interactive Trading Down 2.0 %

NYSE:RSI traded down $0.23 on Monday, hitting $10.90. 1,614,986 shares of the stock were exchanged, compared to its average volume of 2,158,375. The stock has a fifty day moving average of $13.51 and a 200-day moving average of $12.42. The stock has a market cap of $2.48 billion, a PE ratio of -544.75 and a beta of 1.92. Rush Street Interactive has a fifty-two week low of $5.71 and a fifty-two week high of $16.78.

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Insider Activity

In related news, Director Judith Gold sold 118,001 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $13.55, for a total transaction of $1,598,913.55. Following the sale, the director now directly owns 21,999 shares of the company's stock, valued at approximately $298,086.45. This represents a 84.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Wierbicki sold 7,500 shares of the company'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 value 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 represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 988,545 shares of company stock worth $13,174,489. 56.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Rush Street Interactive in the fourth quarter worth $28,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive in the fourth quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Rush Street Interactive in the third quarter worth $44,000. Point72 DIFC Ltd acquired a new stake in Rush Street Interactive in the third quarter worth $70,000. Finally, WealthTrak Capital Management LLC acquired a new stake in Rush Street Interactive in the fourth quarter worth $71,000. 24.78% of the stock is owned by institutional investors and hedge funds.

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.