Craig-Hallum analyst Ryan Sigdahl maintained a Hold rating on Rush Street Interactive (RSI – Research Report) today. The company’s shares closed yesterday at $3.57.
According to TipRanks, Sigdahl is a 5-star analyst with an average return of 18.1% and a 45.31% success rate. Sigdahl covers the Technology sector, focusing on stocks such as Genius Sports Limited, Hudson Tech, and Light & Wonder.
Currently, the analyst consensus on Rush Street Interactive is a Strong Buy with an average price target of $7.70.
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Based on Rush Street Interactive’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $165.06 million and a GAAP net loss of $5.14 million. In comparison, last year the company earned a revenue of $143.74 million and had a GAAP net loss of $8.33 million
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RSI in relation to earlier this year.
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Rush Street Interactive (RSI) Company Description:
Rush Street Interactive is an online gaming company. It offers online casino and sports betting under BetRivers.com and PlaySugarHouse.com brands in the U.S. and RushBet.co brand in Colombia.
Read More on RSI:
- Bet On It: Supreme Court allows Florida to offer sports betting, no timeline set
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- Rush Street Interactive Announces Third Quarter 2023 Earnings Release Date
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