JMP Securities reiterated their market perform rating on shares of Rush Street Interactive (NYSE:RSI - Free Report) in a research report released on Monday,Benzinga reports.
Several other equities analysts also recently weighed in on the stock. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, 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 note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.43.
Check Out Our Latest Report on RSI
Rush Street Interactive Price Performance
RSI traded down $0.07 during trading on Monday, reaching $14.18. 1,721,019 shares of the stock were exchanged, compared to its average volume of 1,911,003. Rush Street Interactive has a 1 year low of $3.56 and a 1 year high of $14.92. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of -709.00 and a beta of 1.88. The business's 50 day moving average price is $12.91 and its two-hundred day moving average price is $10.95.
Insider Buying and Selling
In other news, insider Einar Roosileht sold 48,968 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total transaction of $687,510.72. Following the completion of the transaction, the insider now owns 830,292 shares of the company's stock, valued at $11,657,299.68. This represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Wierbicki sold 35,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the transaction, the insider now owns 139,982 shares in the company, valued at approximately $1,571,997.86. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 542,106 shares of company stock worth $6,757,094. 56.89% of the stock is owned by insiders.
Hedge Funds Weigh In On Rush Street Interactive
A number of large investors have recently bought and sold shares of RSI. Bank of New York Mellon Corp increased its holdings in shares of Rush Street Interactive by 40.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 252,514 shares of the company's stock worth $2,422,000 after buying an additional 72,831 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in Rush Street Interactive during the second quarter worth about $98,000. Rhumbline Advisers raised its holdings in shares of Rush Street Interactive by 26.6% in the 2nd quarter. Rhumbline Advisers now owns 100,476 shares of the company's stock worth $964,000 after purchasing an additional 21,106 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at about $587,000. Finally, Quest Partners LLC purchased a new stake in shares of Rush Street Interactive during the 2nd quarter worth about $388,000. Hedge funds and other institutional investors own 24.78% of the company's stock.
Rush Street Interactive Company Profile
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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.
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