Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $15.01 and last traded at $14.98, with a volume of 831695 shares trading hands. The stock had previously closed at $13.96.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on RSI shares. Jefferies Financial Group lifted 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 report on Thursday, October 31st. Needham & Company LLC boosted their price target 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. JMP Securities reissued a "market perform" rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Finally, Craig Hallum increased their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.50.
Get Our Latest Analysis on RSI
Rush Street Interactive Stock Up 6.1 %
The company has a fifty day moving average price of $13.36 and a 200 day moving average price of $11.16. The stock has a market cap of $3.34 billion, a PE ratio of -740.50 and a beta of 1.88.
Insider Transactions at Rush Street Interactive
In other Rush Street Interactive news, insider Einar Roosileht sold 48,968 shares of the 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kyle Sauers sold 146,015 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $13.91, for a total value of $2,031,068.65. Following the sale, the chief financial officer now directly owns 433 shares in the company, valued at $6,023.03. This trade represents a 99.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 870,868 shares of company stock worth $11,437,217 over the last three months. 56.89% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Rush Street Interactive
Several hedge funds have recently modified their holdings of RSI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Rush Street Interactive during the third quarter worth about $44,000. Point72 DIFC Ltd purchased a new stake in shares of Rush Street Interactive in the 3rd quarter valued at $70,000. New York State Teachers Retirement System increased its stake in shares of Rush Street Interactive by 17.2% in the third 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 period. Quarry LP increased its stake in shares of Rush Street Interactive by 15.9% in the second quarter. Quarry LP now owns 8,762 shares of the company's stock worth $84,000 after acquiring an additional 1,200 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Rush Street Interactive in the second quarter valued at $98,000. Hedge funds and other institutional investors own 24.78% of the company's stock.
Rush Street Interactive Company Profile
(
Get Free Report)
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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