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

Shares of Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) have been given an average rating of "Moderate Buy" by the nine brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.63.

A number of equities research analysts have recently issued reports on RSI shares. Susquehanna lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday, May 1st. Macquarie reissued an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research report on Friday, May 2nd. Wall Street Zen lowered Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Finally, Benchmark lifted their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, February 28th.

Rush Street Interactive Stock Down 0.9%

Shares of RSI stock traded down $0.11 during mid-day trading on Friday, hitting $12.48. 52,460 shares of the stock were exchanged, compared to its average volume of 1,819,063. The firm has a fifty day moving average of $11.74 and a 200 day moving average of $12.84. The company has a market cap of $2.86 billion, a PE ratio of -623.50 and a beta of 1.88. Rush Street Interactive has a 52-week low of $8.52 and a 52-week high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The company had revenue of $262.41 million for the quarter, compared to analysts' expectations of $258.90 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. Rush Street Interactive's revenue for the quarter was up 20.7% compared to the same quarter last year. Equities analysts predict that Rush Street Interactive will post 0.04 EPS for the current year.

Insider Buying and Selling at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 106,952 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $11.86, for a total transaction of $1,268,450.72. Following the completion of the sale, the chief executive officer now owns 1,492,234 shares of the company's stock, valued at approximately $17,697,895.24. This represents a 6.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Mattias Stetz sold 3,777 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $12.08, for a total transaction of $45,626.16. Following the completion of the sale, the chief operating officer now owns 421,051 shares in the company, valued at $5,086,296.08. This represents a 0.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 628,805 shares of company stock worth $6,847,659. Company insiders own 56.94% of the company's stock.

Institutional Trading of Rush Street Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. Alliancebernstein L.P. lifted its position in shares of Rush Street Interactive by 1,617.7% during the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company's stock valued at $65,754,000 after buying an additional 5,776,660 shares during the last quarter. Nuveen LLC bought a new stake in shares of Rush Street Interactive in the 1st quarter worth approximately $29,005,000. Price T Rowe Associates Inc. MD raised its stake in shares of Rush Street Interactive by 7,958.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company's stock valued at $27,843,000 after acquiring an additional 2,004,059 shares during the last quarter. Topline Capital Management LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $24,851,000. Finally, William Blair Investment Management LLC purchased a new stake in shares of Rush Street Interactive in the fourth quarter worth $21,635,000. 24.78% of the stock is owned by 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.