Rush Street Interactive, Inc. (NYSE:RSI) Receives Consensus Recommendation of “Buy” from Brokerages

Rush Street Interactive, Inc. (NYSE:RSI) has been given an average recommendation of “Buy” by the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.50.

Several equities research analysts have weighed in on the stock. Macquarie reissued an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Benchmark boosted their price target on Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Jefferies Financial Group lifted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th.

Rush Street Interactive Stock Down 0.2 %

Shares of Rush Street Interactive stock opened at $11.84 on Friday. The business has a fifty day simple moving average of $12.05 and a 200 day simple moving average of $12.57. The stock has a market cap of $2.70 billion, a PE ratio of -591.90 and a beta of 1.90. Rush Street Interactive has a 12 month low of $5.71 and a 12 month high of $16.78.

Insider Transactions at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 133,905 shares of Rush Street Interactive stock in a transaction on Monday, February 10th. The shares were sold at an average price of $14.22, for a total value of $1,904,129.10. Following the completion of the sale, the chief executive officer now owns 2,251,943 shares in the company, valued at $32,022,629.46. The trade was a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Mattias Stetz sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.40, for a total value of $360,000.00. Following the completion of the sale, the chief operating officer now owns 561,089 shares of the company’s stock, valued at approximately $8,079,681.60. This represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,281 shares of company stock worth $8,811,577 over the last ninety days. 56.89% of the stock is owned by insiders.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently made changes to their positions in the company. R Squared Ltd bought a new stake in Rush Street Interactive in the fourth quarter worth about $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Rush Street Interactive in the 4th quarter valued at about $34,000. GAMMA Investing LLC lifted its position in Rush Street Interactive by 1,687.6% during the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company’s stock valued at $70,000 after purchasing an additional 6,143 shares during the last quarter. WealthTrak Capital Management LLC bought a new stake in Rush Street Interactive in the 4th quarter worth approximately $71,000. Finally, Lazard Asset Management LLC purchased a new stake in Rush Street Interactive during the 4th quarter valued at about $95,000. Institutional investors own 24.78% of the company’s stock.

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.