Brokerages Set Rush Street Interactive, Inc. (NYSE:RSI) PT at $12.43

Rush Street Interactive, Inc. (NYSE:RSI) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $12.43.

RSI has been the subject of several research reports. Jefferies Financial Group boosted their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer boosted their price target on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Craig Hallum increased their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their target price on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st.

Insider Buying and Selling

In other news, insider Paul Wierbicki sold 35,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.23, for a total value of $393,050.00. Following the transaction, the insider now owns 139,982 shares of the company’s stock, valued at $1,571,997.86. This represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Einar Roosileht sold 150,000 shares of the stock in a transaction 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 transaction, the insider now owns 809,260 shares of the company’s stock, valued at approximately $7,356,173.40. This represents a 15.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 210,934 shares of company stock worth $2,075,538. Insiders own 56.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position 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 acquiring an additional 85,736 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $1,565,000. Acadian Asset Management LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $587,000. GSA Capital Partners LLP increased its holdings in Rush Street Interactive by 42.6% in the 3rd quarter. GSA Capital Partners LLP now owns 279,367 shares of the company’s stock valued at $3,031,000 after purchasing an additional 83,436 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in Rush Street Interactive in the second quarter valued at approximately $10,605,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Down 2.5 %

RSI opened at $11.13 on Tuesday. The company has a market cap of $2.51 billion, a PE ratio of -556.50 and a beta of 1.78. Rush Street Interactive has a twelve month low of $3.56 and a twelve month high of $12.46. The company has a 50-day moving average price of $10.68 and a 200 day moving average price of $9.69.

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.