Susquehanna Issues Positive Forecast for Rush Street Interactive (NYSE:RSI) Stock Price

Rush Street Interactive (NYSE:RSI) had its price target lifted by Susquehanna from $12.00 to $14.00 in a report published on Tuesday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

RSI has been the subject of several other research reports. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Craig Hallum increased their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC increased their target price on shares of Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Rush Street Interactive currently has an average rating of “Moderate Buy” and an average price target of $15.33.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI opened at $12.91 on Tuesday. The company has a market cap of $2.91 billion, a P/E ratio of -645.30 and a beta of 1.88. The stock’s 50-day moving average is $14.42 and its 200-day moving average is $12.25. Rush Street Interactive has a 52-week low of $5.22 and a 52-week high of $16.78.

Insiders Place Their Bets

In related news, insider Paul Wierbicki sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total value of $112,500.00. Following the completion of the sale, the insider now owns 139,387 shares of the company’s stock, valued at $2,090,805. This trade represents a 5.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $14.50, for a total transaction of $362,500.00. Following the sale, the chief operating officer now directly owns 550,484 shares of the company’s stock, valued at $7,982,018. This represents a 4.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 825,853 shares of company stock worth $11,655,336 over the last quarter. Company insiders own 56.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently bought and sold shares of RSI. R Squared Ltd acquired a new stake in Rush Street Interactive during the 4th quarter worth $28,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive during the 4th quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rush Street Interactive during the third quarter worth $44,000. Point72 DIFC Ltd bought a new position in shares of Rush Street Interactive during the third quarter worth $70,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Rush Street Interactive during the fourth quarter worth $71,000. Institutional investors and hedge funds 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.