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

Rush Street Interactive, Inc. (NYSE:RSI) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.17.

Several research firms recently weighed in on RSI. Needham & Company LLC upped their price objective on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer lifted their price objective on shares of Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Company upped their target price on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Craig Hallum boosted their price target on Rush Street Interactive from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Insiders Place Their Bets

In other news, insider Einar Roosileht sold 150,000 shares of Rush Street Interactive stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $9.09, for a total transaction of $1,363,500.00. Following the sale, the insider now directly owns 809,260 shares of the company’s stock, valued at $7,356,173.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Einar Roosileht sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $9.09, for a total value of $1,363,500.00. Following the completion of the transaction, the insider now owns 809,260 shares of the company’s stock, valued at $7,356,173.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Wierbicki sold 20,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $9.53, for a total transaction of $194,764.61. Following the sale, the insider now directly owns 174,982 shares in the company, valued at $1,667,578.46. The disclosure for this sale can be found here. Insiders sold a total of 548,210 shares of company stock valued at $5,179,362 in the last 90 days. Corporate insiders own 56.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

A number of institutional investors and hedge funds have recently bought and sold shares of RSI. Allspring Global Investments Holdings LLC grew its position in shares of Rush Street Interactive by 13,627.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after buying an additional 11,856 shares during the last quarter. Quarry LP increased its position in Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after purchasing an additional 1,200 shares during the period. Aigen Investment Management LP bought a new position in Rush Street Interactive during the 4th quarter worth approximately $90,000. Principal Financial Group Inc. acquired a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $98,000. Finally, North Star Investment Management Corp. lifted its position in shares of Rush Street Interactive by 303.9% in the 1st quarter. North Star Investment Management Corp. now owns 20,600 shares of the company’s stock worth $134,000 after purchasing an additional 15,500 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Down 0.2 %

NYSE RSI opened at $10.72 on Monday. The firm has a 50-day moving average price of $9.73 and a two-hundred day moving average price of $8.61. Rush Street Interactive has a 12-month low of $3.17 and a 12-month high of $11.59. The company has a market capitalization of $2.41 billion, a P/E ratio of -63.06 and a beta of 1.78.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $220.38 million for the quarter, compared to the consensus estimate of $201.37 million. Rush Street Interactive had a negative return on equity of 12.45% and a negative net margin of 0.84%. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) earnings per share. Equities analysts expect that Rush Street Interactive will post -0.01 EPS for the current year.

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.