Rush Street Interactive, Inc. (NYSE:RSI) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) have earned an average rating of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $8.50.

• Rush Street Interactive May Hit the Jackpot on a Sale

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Rush Street Interactive from $8.00 to $9.00 and gave the stock an "overweight" rating in a research report on Thursday, May 2nd. JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a research report on Friday, March 8th. Oppenheimer increased their target price on shares of Rush Street Interactive from $9.00 to $10.00 and gave the company an "outperform" rating in a research report on Thursday, May 2nd. Craig Hallum boosted their price target on shares of Rush Street Interactive from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Finally, Needham & Company LLC raised their price objective on Rush Street Interactive from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, May 17th.

Read Our Latest Report on Rush Street Interactive

Rush Street Interactive Price Performance

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NYSE RSI opened at $9.40 on Friday. Rush Street Interactive has a 52 week low of $2.90 and a 52 week high of $9.64. The firm has a 50 day moving average of $7.87 and a two-hundred day moving average of $6.10. The stock has a market capitalization of $2.12 billion, a PE ratio of -55.29 and a beta of 1.79.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04. Rush Street Interactive had a negative return on equity of 15.68% and a negative net margin of 1.58%. The firm had revenue of $217.43 million for the quarter, compared to analyst estimates of $203.05 million. On average, equities research analysts expect that Rush Street Interactive will post -0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Kyle Sauers sold 21,362 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total value of $124,540.46. Following the completion of the sale, the chief financial officer now directly owns 536,936 shares of the company's stock, valued at $3,130,336.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Rush Street Interactive news, CFO Kyle Sauers sold 21,362 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total value of $124,540.46. Following the transaction, the chief financial officer now directly owns 536,936 shares in the company, valued at approximately $3,130,336.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul Wierbicki sold 22,743 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total value of $132,591.69. Following the sale, the insider now owns 174,982 shares of the company's stock, valued at approximately $1,020,145.06. The disclosure for this sale can be found here. Insiders sold a total of 331,552 shares of company stock worth $2,094,498 in the last 90 days. Company insiders own 56.89% of the company's stock.

Institutional Trading of Rush Street Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in RSI. FMR LLC lifted its holdings in shares of Rush Street Interactive by 4,395.9% in the 3rd quarter. FMR LLC now owns 1,888,355 shares of the company's stock valued at $8,724,000 after buying an additional 1,846,353 shares during the period. HG Vora Capital Management LLC raised its position in Rush Street Interactive by 16.7% in the fourth quarter. HG Vora Capital Management LLC now owns 7,000,000 shares of the company's stock worth $31,430,000 after acquiring an additional 1,000,000 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Rush Street Interactive by 24.7% in the fourth quarter. Nomura Holdings Inc. now owns 4,184,373 shares of the company's stock valued at $18,788,000 after acquiring an additional 828,984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Rush Street Interactive during the 1st quarter worth $1,673,000. Finally, PEAK6 Investments LLC grew its stake in shares of Rush Street Interactive by 387.2% during the 3rd quarter. PEAK6 Investments LLC now owns 309,765 shares of the company's stock worth $1,431,000 after purchasing an additional 246,189 shares during the period. Hedge funds and other institutional investors own 24.78% of the company's stock.

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.

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