Rush Street Interactive (NYSE:RSI) Sets New 1-Year High at $8.73

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report)'s stock price hit a new 52-week high on Tuesday . The stock traded as high as $8.73 and last traded at $8.68, with a volume of 40886 shares. The stock had previously closed at $8.63.

Analyst Ratings Changes

RSI has been the subject of several recent research reports. Susquehanna restated a "neutral" rating and set a $6.00 target price (up from $5.00) on shares of Rush Street Interactive in a research report on Monday, March 4th. Needham & Company LLC lifted their target price on Rush Street Interactive from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, May 2nd. Craig Hallum upped their price target on Rush Street Interactive from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Thursday, May 2nd. JMP Securities reaffirmed a "market perform" rating on shares of Rush Street Interactive in a research report on Friday, March 8th. Finally, Wells Fargo & Company increased their target price on shares of Rush Street Interactive from $8.00 to $9.00 and gave the stock an "overweight" rating in a report on Thursday, May 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Rush Street Interactive has an average rating of "Moderate Buy" and a consensus price target of $8.33.

Rush Street Interactive Stock Performance

The company has a market cap of $1.96 billion, a PE ratio of -51.59 and a beta of 1.67. The firm's 50 day moving average is $6.61 and its 200-day moving average is $5.35.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. 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 $193.85 million for the quarter, compared to the consensus estimate of $181.50 million. On average, analysts predict that Rush Street Interactive, Inc. will post -0.05 EPS for the current year.

Insiders Place Their Bets

In other news, insider Paul Wierbicki sold 22,743 shares of the firm's stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total transaction of $132,591.69. Following the completion of the sale, the insider now owns 174,982 shares in the company, valued at approximately $1,020,145.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 101,951 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $6.78, for a total value of $691,227.78. Following the transaction, the chief executive officer now directly owns 2,154,618 shares of the company's stock, valued at approximately $14,608,310.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul Wierbicki sold 22,743 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total transaction of $132,591.69. Following the completion of the transaction, the insider now directly owns 174,982 shares of the company's stock, valued at $1,020,145.06. The disclosure for this sale can be found here. Insiders have sold 331,552 shares of company stock valued at $2,094,498 over the last ninety days. Company insiders own 56.96% of the company's stock.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in 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 last quarter. HG Vora Capital Management LLC increased its holdings in Rush Street Interactive by 16.7% during the 4th quarter. HG Vora Capital Management LLC now owns 7,000,000 shares of the company's stock worth $31,430,000 after purchasing an additional 1,000,000 shares during the last quarter. Nomura Holdings Inc. boosted 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 worth $18,788,000 after purchasing an additional 828,984 shares during the period. Assenagon Asset Management S.A. boosted its stake in Rush Street Interactive by 32.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,836,077 shares of the company's stock worth $8,483,000 after purchasing an additional 451,171 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Rush Street Interactive during the 1st quarter worth $1,673,000. 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.