Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report)'s stock price traded up 4.9% during trading on Monday . The stock traded as high as $6.86 and last traded at $6.83. 804,682 shares were traded during mid-day trading, a decline of 34% from the average session volume of 1,217,218 shares. The stock had previously closed at $6.51.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the stock. Susquehanna reissued a "neutral" rating and issued a $6.00 price objective (up previously from $5.00) on shares of Rush Street Interactive in a research note on Monday, March 4th. Oppenheimer increased their price objective on shares of Rush Street Interactive from $7.00 to $9.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Needham & Company LLC increased their price objective on shares of Rush Street Interactive from $6.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. JMP Securities reaffirmed a "market perform" rating on shares of Rush Street Interactive in a research note on Friday, March 8th. Finally, Wells Fargo & Company lifted their price target on shares of Rush Street Interactive from $7.00 to $8.00 and gave the stock an "overweight" rating in a report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $7.40.
Check Out Our Latest Stock Analysis on RSI
Rush Street Interactive Stock Performance
The business's fifty day moving average price is $5.75 and its 200 day moving average price is $4.77.
Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.01. The company had revenue of $193.85 million for the quarter, compared to analyst estimates of $181.50 million. Rush Street Interactive had a negative net margin of 2.65% and a negative return on equity of 28.95%. Research analysts forecast that Rush Street Interactive, Inc. will post -0.22 EPS for the current year.
Insider Activity at Rush Street Interactive
In related news, COO Mattias Stetz sold 88,431 shares of the business's stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $6.42, for a total value of $567,727.02. Following the transaction, the chief operating officer now owns 603,614 shares in the company, valued at $3,875,201.88. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Richard Todd Schwartz sold 38,687 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total transaction of $225,545.21. Following the completion of the sale, the chief executive officer now directly owns 2,256,569 shares of the company's stock, valued at $13,155,797.27. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Mattias Stetz sold 88,431 shares of the business's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $6.42, for a total transaction of $567,727.02. Following the sale, the chief operating officer now directly owns 603,614 shares of the company's stock, valued at $3,875,201.88. The disclosure for this sale can be found here. Insiders have sold a total of 184,880 shares of company stock worth $1,130,025 over the last quarter. Company insiders own 56.96% of the company's stock.
Institutional Investors Weigh In On Rush Street Interactive
Several hedge funds and other institutional investors have recently made changes to their positions in RSI. Vident Investment Advisory LLC bought a new stake in Rush Street Interactive in the 4th quarter worth about $39,000. Boothbay Fund Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth about $41,000. Schonfeld Strategic Advisors LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth about $46,000. UBS Group AG grew its position in Rush Street Interactive by 357.1% in the 4th quarter. UBS Group AG now owns 13,943 shares of the company's stock worth $50,000 after purchasing an additional 10,893 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth about $51,000. 24.78% of the stock is owned by institutional investors.
About Rush Street Interactive
(
Get Free Report)
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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