Brokerages Set Rush Street Interactive, Inc. (NYSE:RSI) PT at $12.43

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $12.43.

Several equities research analysts have recently weighed in on RSI shares. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Craig Hallum raised their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, insider Einar Roosileht sold 48,968 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total transaction of $687,510.72. Following the completion of the sale, the insider now owns 830,292 shares in the company, valued at $11,657,299.68. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Wierbicki sold 35,000 shares of Rush Street Interactive stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.23, for a total value of $393,050.00. Following the completion of the transaction, the insider now owns 139,982 shares in the company, valued at $1,571,997.86. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 542,106 shares of company stock valued at $6,757,094 in the last ninety days. Corporate insiders own 56.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. JPMorgan Chase & Co. lifted its position in shares of Rush Street Interactive by 155.6% during the third quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company’s stock valued at $2,880,000 after buying an additional 161,568 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Rush Street Interactive by 656.2% during the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after acquiring an additional 67,388 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Rush Street Interactive during the 3rd quarter worth approximately $901,000. Geode Capital Management LLC lifted its position in Rush Street Interactive by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock valued at $18,843,000 after acquiring an additional 92,314 shares during the last quarter. Finally, Barclays PLC boosted its stake in Rush Street Interactive by 178.6% in the third quarter. Barclays PLC now owns 192,628 shares of the company’s stock valued at $2,090,000 after acquiring an additional 123,486 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

NYSE RSI opened at $14.25 on Wednesday. The company has a market cap of $3.22 billion, a P/E ratio of -712.50 and a beta of 1.88. The business’s 50 day moving average price is $12.84 and its 200-day moving average price is $10.91. Rush Street Interactive has a fifty-two week low of $3.56 and a fifty-two week high of $14.92.

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.