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 seven research firms that are currently covering the stock, Marketbeat 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 brokers that have updated their coverage on the stock in the last year is $12.43.

A number of research firms have recently issued reports on RSI. Jefferies Financial Group lifted their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Craig Hallum boosted their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st.

Insider Buying and Selling at Rush Street Interactive

In related news, COO Mattias Stetz sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $14.50, for a total transaction of $362,500.00. Following the transaction, the chief operating officer now owns 550,484 shares of the company’s stock, valued at approximately $7,982,018. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul Wierbicki sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the sale, the insider now owns 139,982 shares in the company, valued at approximately $1,571,997.86. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 475,596 shares of company stock worth $5,823,293. 56.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Millrace Asset Group Inc. purchased a new stake in shares of Rush Street Interactive in the third quarter valued at $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 valued at $843,000 after buying an additional 67,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Rush Street Interactive by 72.2% during the 3rd 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 last quarter. Acadian Asset Management LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter worth about $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Rush Street Interactive in the third quarter worth approximately $656,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Up 0.8 %

Shares of NYSE RSI opened at $13.72 on Wednesday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -686.00 and a beta of 1.88. Rush Street Interactive has a 52 week low of $3.56 and a 52 week high of $14.92. The firm has a 50-day moving average price of $12.58 and a 200 day moving average price of $10.79.

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.