Rush Street Interactive (NYSE:RSI) Given Market Perform Rating at JMP Securities

JMP Securities reiterated their market perform rating on shares of Rush Street Interactive (NYSE:RSI) in a research note released on Monday,Benzinga reports.

RSI has been the topic of a number of other reports. Craig Hallum increased their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on shares of 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 target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two investment 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 target price of $12.43.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $14.18 on Monday. The business has a fifty day moving average price of $12.91 and a two-hundred day moving average price of $10.95. The stock has a market capitalization of $3.20 billion, a PE ratio of -709.00 and a beta of 1.88. Rush Street Interactive has a fifty-two week low of $3.56 and a fifty-two week high of $14.92.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, insider Paul Wierbicki sold 35,000 shares of the business’s 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 sale, the insider now directly owns 139,982 shares of the company’s stock, valued at $1,571,997.86. The trade was a 20.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Einar Roosileht sold 48,968 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total transaction of $687,510.72. Following the transaction, the insider now directly owns 830,292 shares of the company’s stock, valued at $11,657,299.68. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 542,106 shares of company stock worth $6,757,094. Corporate insiders own 56.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in shares of Rush Street Interactive by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock worth $18,843,000 after acquiring an additional 92,314 shares during the period. State Street Corp raised its holdings in Rush Street Interactive by 3.6% during the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock worth $17,500,000 after purchasing an additional 55,697 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Rush Street Interactive by 47.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock worth $14,425,000 after purchasing an additional 482,872 shares during the period. Federated Hermes Inc. boosted its stake in shares of Rush Street Interactive by 10.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,329,825 shares of the company’s stock valued at $12,753,000 after purchasing an additional 130,217 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter valued at $10,605,000. Institutional investors own 24.78% of the company’s stock.

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.