Rush Street Interactive, Inc. (NYSE:RSI) Given Consensus Recommendation of "Moderate Buy" by Analysts

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $15.89.

Several brokerages have recently issued reports on RSI. Macquarie restated an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a report on Friday. Benchmark upped their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. started coverage on shares of Rush Street Interactive in a research note on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price for the company. Finally, Jefferies Financial Group lifted their target price on Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd.

Rush Street Interactive Price Performance

RSI stock opened at $14.55 on Friday. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 181.90 and a beta of 1.87. Rush Street Interactive has a 1-year low of $8.52 and a 1-year high of $16.78. The firm has a fifty day moving average price of $13.61 and a two-hundred day moving average price of $13.01.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $262.41 million during the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a return on equity of 7.35% and a net margin of 0.87%. The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. As a group, analysts expect that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $15.39, for a total value of $2,984,197.95. Following the transaction, the chief executive officer directly owned 1,017,471 shares of the company's stock, valued at $15,658,878.69. The trade was a 16.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Masi Niccolo De sold 286,769 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $14.08, for a total transaction of $4,037,707.52. Following the sale, the director directly owned 921,884 shares of the company's stock, valued at $12,980,126.72. The trade was a 23.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,147,520 shares of company stock valued at $30,097,728. 56.94% of the stock is owned by insiders.

Institutional Trading of Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of RSI. Heck Capital Advisors LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter valued at $34,000. Pacer Advisors Inc. boosted its holdings in shares of Rush Street Interactive by 94.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock valued at $27,000 after acquiring an additional 1,232 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Rush Street Interactive in the second quarter worth approximately $42,000. Summit Securities Group LLC bought a new stake in Rush Street Interactive in the 1st quarter worth approximately $33,000. Finally, WealthTrak Capital Management LLC purchased a new stake in Rush Street Interactive during the 4th quarter valued at $71,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

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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