Rush Street Interactive, Inc. (NYSE:RSI) Receives $15.63 Consensus PT from Analysts

Rush Street Interactive, Inc. (NYSE:RSI) has received an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $15.63.

Several brokerages have recently commented on RSI. Wells Fargo & Company upped their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Wall Street Zen downgraded Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Sunday. Susquehanna boosted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a “positive” rating in a report on Thursday, May 1st. Macquarie reiterated an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Friday, May 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, May 1st.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, insider Einar Roosileht sold 60,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $10.69, for a total transaction of $641,400.00. Following the sale, the insider now owns 956,150 shares in the company, valued at $10,221,243.50. This represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Todd Schwartz sold 193,905 shares of the company’s stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $10.63, for a total value of $2,061,210.15. Following the sale, the chief executive officer now owns 1,599,186 shares in the company, valued at approximately $16,999,347.18. This trade represents a 10.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 723,805 shares of company stock worth $8,032,309. 56.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rush Street Interactive

Large investors have recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in Rush Street Interactive during the 4th quarter worth about $28,000. Heck Capital Advisors LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter valued at about $34,000. Pacer Advisors Inc. increased its holdings in shares of Rush Street Interactive by 94.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock valued at $27,000 after acquiring an additional 1,232 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Rush Street Interactive in the 1st quarter valued at about $33,000. Finally, WealthTrak Capital Management LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter valued at about $71,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Up 0.1%

Shares of Rush Street Interactive stock opened at $12.60 on Friday. Rush Street Interactive has a 52 week low of $8.52 and a 52 week high of $16.78. The business’s fifty day simple moving average is $11.78 and its 200-day simple moving average is $12.84. The firm has a market cap of $2.89 billion, a PE ratio of -630.00 and a beta of 1.85.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The business had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. During the same quarter in the prior year, the company posted $0.03 EPS. The company’s quarterly revenue was up 20.7% on a year-over-year basis. As a group, equities analysts expect that Rush Street Interactive will post 0.04 earnings per share for the current year.

About Rush Street Interactive

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.