Rush Street Interactive, Inc. (NYSE:RSI) Receives $12.43 Consensus Target Price from Brokerages

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $12.43.

RSI has been the subject of several analyst reports. Craig Hallum increased their target price on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC upped 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.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 25,934 shares of Rush Street Interactive stock in a transaction dated 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 transaction, the chief financial officer now directly owns 338,614 shares of the company’s stock, valued at approximately $4,164,952.20. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Todd Schwartz sold 103,905 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $11.02, for a total transaction of $1,145,033.10. Following the completion of the transaction, the chief executive officer now owns 1,703,578 shares of the company’s stock, valued at approximately $18,773,429.56. The trade was a 5.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 312,339 shares of company stock worth $3,612,971 over the last quarter. 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 modified their holdings of RSI. Vanguard Group Inc. lifted its holdings in shares of Rush Street Interactive by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock valued at $35,683,000 after purchasing an additional 85,736 shares in the last quarter. Geode Capital Management LLC lifted its stake in Rush Street Interactive by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock valued at $18,843,000 after acquiring an additional 92,314 shares during the period. State Street Corp boosted its holdings in shares of Rush Street Interactive by 3.6% during the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock valued at $17,500,000 after acquiring an additional 55,697 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Rush Street Interactive by 47.3% in the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock worth $14,425,000 after acquiring an additional 482,872 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Rush Street Interactive by 157.9% during the second quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock valued at $13,666,000 after purchasing an additional 872,367 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Down 3.3 %

NYSE RSI opened at $13.24 on Friday. The stock’s 50-day simple moving average is $11.76 and its two-hundred day simple moving average is $10.30. Rush Street Interactive has a twelve month low of $3.56 and a twelve month high of $14.92. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of -661.75 and a beta of 1.88.

About Rush Street Interactive

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.