Rush Street Interactive (NYSE:RSI) Receives “Outperform” Rating from Macquarie

Macquarie reaffirmed their outperform rating on shares of Rush Street Interactive (NYSE:RSI) in a research report report published on Thursday morning,Benzinga reports. They currently have a $16.00 target price on the stock.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group lifted their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Wells Fargo & Company lifted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Susquehanna raised their target price on Rush Street Interactive from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $17.00 price target on shares of Rush Street Interactive in a report on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.71.

Rush Street Interactive Stock Down 15.2 %

Shares of RSI stock opened at $11.27 on Thursday. Rush Street Interactive has a 12 month low of $5.22 and a 12 month high of $16.78. The company has a market cap of $2.54 billion, a PE ratio of -563.70 and a beta of 1.88. The business’s 50 day moving average is $14.39 and its two-hundred day moving average is $12.25.

Insider Buying and Selling

In other news, CEO Richard Todd Schwartz sold 133,905 shares of Rush Street Interactive stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the sale, the chief executive officer now owns 2,251,943 shares of the company’s stock, valued at approximately $32,022,629.46. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Einar Roosileht sold 48,968 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total value of $687,510.72. Following the completion of the transaction, the insider now owns 830,292 shares of the company’s stock, valued at $11,657,299.68. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 825,853 shares of company stock valued at $11,655,336 over the last three months. 56.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Rush Street Interactive during the 4th quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive during the fourth quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rush Street Interactive in the 3rd quarter valued at approximately $44,000. Point72 DIFC Ltd bought a new stake in shares of Rush Street Interactive in the 3rd quarter valued at approximately $70,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $71,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.