Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.98 and last traded at $15.47, with a volume of 159967 shares trading hands. The stock had previously closed at $15.36.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Needham & Company LLC raised their price target on Rush Street Interactive from $15.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, January 17th. Craig Hallum boosted their price objective 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. Finally, Jefferies Financial Group raised their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Rush Street Interactive has a consensus rating of "Moderate Buy" and an average price target of $14.00.
Check Out Our Latest Research Report on Rush Street Interactive
Rush Street Interactive Stock Down 4.7 %
The firm has a market capitalization of $3.31 billion, a PE ratio of -732.25 and a beta of 1.88. The company has a 50-day moving average of $13.81 and a 200 day moving average of $11.40.
Insider Buying and Selling at Rush Street Interactive
In other news, CFO Kyle Sauers sold 25,934 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.30, for a total value of $318,988.20. Following the completion of the sale, the chief financial officer now directly owns 338,614 shares in the company, valued at approximately $4,164,952.20. The trade was a 7.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Wierbicki sold 35,000 shares of the stock in a transaction 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 transaction, the insider now directly owns 139,982 shares in the company, valued at approximately $1,571,997.86. This represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 884,287 shares of company stock worth $11,632,978 over the last three months. 56.89% of the stock is owned by insiders.
Institutional Trading of Rush Street Interactive
Several hedge funds have recently added to or reduced their stakes in RSI. Millrace Asset Group Inc. bought a new position in shares of Rush Street Interactive in the third quarter worth approximately $2,135,000. Principal Financial Group Inc. grew its holdings in Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company's stock worth $843,000 after acquiring an additional 67,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Rush Street Interactive by 72.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company's stock valued at $8,907,000 after acquiring an additional 344,276 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Rush Street Interactive during the third quarter worth about $656,000. Finally, GSA Capital Partners LLP grew its stake in shares of Rush Street Interactive by 42.6% in the third quarter. GSA Capital Partners LLP now owns 279,367 shares of the company's stock worth $3,031,000 after purchasing an additional 83,436 shares during the last quarter. 24.78% of the stock is owned by institutional investors.
About Rush Street Interactive
(
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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