Rush Street Interactive, Inc. (NYSE:RSI – Get Rating) has earned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $12.80.
A number of brokerages have recently issued reports on RSI. Susquehanna started coverage on Rush Street Interactive in a report on Wednesday, July 20th. They issued a "neutral" rating and a $6.00 price objective for the company. Craig Hallum reduced their price target on Rush Street Interactive to $9.00 in a report on Tuesday, August 9th. JMP Securities initiated coverage on Rush Street Interactive in a research note on Tuesday, June 28th. They set an "outperform" rating and a $12.00 target price for the company. Finally, Susquehanna Bancshares assumed coverage on Rush Street Interactive in a research note on Wednesday, July 20th. They issued a "neutral" rating and a $6.00 price target on the stock.Get Rush Street Interactive alerts:
Rush Street Interactive Price Performance
RSI stock opened at $5.35 on Wednesday. The business has a 50-day moving average of $5.49 and a 200-day moving average of $6.25. Rush Street Interactive has a fifty-two week low of $4.06 and a fifty-two week high of $21.83. The stock has a market capitalization of $1.18 billion, a P/E ratio of -8.49 and a beta of 1.95.Rush Street Interactive (NYSE:RSI – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.03). Rush Street Interactive had a negative return on equity of 18.28% and a negative net margin of 7.28%. The business had revenue of $143.74 million during the quarter, compared to the consensus estimate of $152.30 million. Equities analysts expect that Rush Street Interactive will post -0.62 EPS for the current year.
Insider Buying and Selling
In other news, major shareholder Gregory A. Carlin sold 13,959 shares of the stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $6.29, for a total value of $87,802.11. Following the completion of the sale, the insider now owns 1,744,962 shares of the company's stock, valued at $10,975,810.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Gregory A. Carlin sold 24,910 shares of the business's stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $6.20, for a total value of $154,442.00. Following the transaction, the insider now owns 575,090 shares in the company, valued at $3,565,558. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Gregory A. Carlin sold 13,959 shares of the company's stock in a transaction on Monday, August 15th. The shares were sold at an average price of $6.29, for a total transaction of $87,802.11. Following the sale, the insider now directly owns 1,744,962 shares in the company, valued at approximately $10,975,810.98. The disclosure for this sale can be found here. Insiders have sold a total of 365,061 shares of company stock valued at $2,183,266 over the last 90 days. 58.02% of the stock is owned by insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. North Star Investment Management Corp. increased its holdings in Rush Street Interactive by 88.2% in the second quarter. North Star Investment Management Corp. now owns 9,600 shares of the company's stock worth $45,000 after purchasing an additional 4,500 shares in the last quarter. Verition Fund Management LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter valued at $51,000. Fox Run Management L.L.C. acquired a new position in shares of Rush Street Interactive during the 2nd quarter valued at $52,000. Keybank National Association OH bought a new position in Rush Street Interactive during the second quarter worth $55,000. Finally, Amalgamated Bank acquired a new stake in Rush Street Interactive in the first quarter worth $62,000. 37.76% of the stock is owned by institutional investors.
About Rush Street Interactive
Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States and 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.
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