Shares of Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $14.96 and last traded at $14.76, with a volume of 1458193 shares trading hands. The stock had previously closed at $14.20.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on RSI. Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their price target on Rush Street Interactive from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, October 31st. JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a report on Monday. 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $12.43.
Get Our Latest Analysis on RSI
Rush Street Interactive Trading Up 4.1 %
The firm has a market capitalization of $3.34 billion, a PE ratio of -739.00 and a beta of 1.88. The firm has a 50-day moving average of $13.00 and a two-hundred day moving average of $10.98.
Insider Activity
In other Rush Street Interactive news, COO Mattias Stetz sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $12.00, for a total value of $60,000.00. Following the completion of the transaction, the chief operating officer now owns 575,484 shares in the company, valued at $6,905,808. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Wierbicki sold 35,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.23, for a total transaction of $393,050.00. Following the completion of the sale, the insider now directly owns 139,982 shares of the company's stock, valued at $1,571,997.86. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 542,106 shares of company stock valued at $6,757,094 in the last three months. Corporate insiders own 56.89% of the company's stock.
Institutional Investors Weigh In On Rush Street Interactive
A number of large investors have recently added to or reduced their stakes in the company. Millrace Asset Group Inc. bought a new position in Rush Street Interactive during the 3rd quarter valued at $2,135,000. Principal Financial Group Inc. lifted its position in shares of Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company's stock valued at $843,000 after acquiring an additional 67,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Rush Street Interactive by 72.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company's stock worth $8,907,000 after purchasing an additional 344,276 shares during the period. Acadian Asset Management LLC purchased a new position in Rush Street Interactive during the 2nd quarter worth approximately $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Rush Street Interactive in the third quarter valued at $656,000. 24.78% of the stock is owned by institutional investors and hedge funds.
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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