Shares of Rush Street Interactive, Inc. (NYSE:RSI – Get Rating) have received an average recommendation of "Moderate Buy" from the ten research firms 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 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.80.
A number of research analysts have commented on the stock. Susquehanna began coverage on shares of Rush Street Interactive in a research note on Wednesday, July 20th. They set a "neutral" rating and a $6.00 price objective on the stock. Craig Hallum decreased their price target on Rush Street Interactive to $9.00 in a research note on Tuesday, August 9th. Susquehanna Bancshares began 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. Finally, JMP Securities started coverage on Rush Street Interactive in a report on Tuesday, June 28th. They set an "outperform" rating and a $12.00 target price on the stock.
Get Rush Street Interactive alerts:Rush Street Interactive Stock Performance
NYSE:RSI opened at $3.68 on Friday. Rush Street Interactive has a one year low of $3.66 and a one year high of $21.83. The business's 50-day simple moving average is $5.24 and its 200 day simple moving average is $5.85. The stock has a market cap of $811.18 million, a price-to-earnings ratio of -5.84 and a beta of 1.95.
Rush Street Interactive (NYSE:RSI – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.03). Rush Street Interactive had a negative net margin of 7.28% and a negative return on equity of 18.28%. The business had revenue of $143.74 million during the quarter, compared to analyst estimates of $152.30 million. On average, equities research analysts predict that Rush Street Interactive will post -0.62 EPS for the current year.Insider Buying and Selling at Rush Street Interactive
In other Rush Street Interactive news, Director Daniel W. Yih bought 60,000 shares of the stock in a transaction on Wednesday, August 31st. The stock was purchased at an average price of $5.06 per share, for a total transaction of $303,600.00. Following the completion of the purchase, the director now directly owns 82,759 shares in the company, valued at $418,760.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rush Street Interactive news, Director Daniel W. Yih bought 60,000 shares of the stock in a transaction on Wednesday, August 31st. The stock was purchased at an average price of $5.06 per share, for a total transaction of $303,600.00. Following the completion of the purchase, the director now directly owns 82,759 shares in the company, valued at $418,760.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Gregory A. Carlin sold 48,679 shares of the business's stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $5.75, for a total transaction of $279,904.25. Following the sale, the insider now owns 1,951,321 shares of the company's stock, valued at approximately $11,220,095.75. The disclosure for this sale can be found here. Insiders sold a total of 360,447 shares of company stock worth $2,160,658 over the last 90 days. Insiders own 58.02% of the company's stock.
Hedge Funds Weigh In On Rush Street Interactive
Several institutional investors have recently modified their holdings of the company. Verition Fund Management LLC bought a new position in shares of Rush Street Interactive during the second quarter worth about $51,000. Goldman Sachs Group Inc. lifted its holdings in Rush Street Interactive by 8.4% in the second quarter. Goldman Sachs Group Inc. now owns 4,731,177 shares of the company's stock worth $22,095,000 after purchasing an additional 365,981 shares during the period. Nomura Holdings Inc. lifted its holdings in Rush Street Interactive by 233.9% in the second quarter. Nomura Holdings Inc. now owns 3,339,810 shares of the company's stock worth $16,148,000 after purchasing an additional 2,339,610 shares during the period. Conversant Capital LLC acquired a new stake in Rush Street Interactive in the second quarter worth about $13,029,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in Rush Street Interactive in the second quarter worth about $691,000. Institutional investors own 37.76% of the company's stock.
About Rush Street Interactive
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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.
Further Reading
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