Rush Street Interactive (NYSE:RSI – Get Free Report) had its target price boosted by equities research analysts at Jefferies Financial Group from $16.00 to $17.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 13.56% from the stock’s previous close.
A number of other research analysts also recently issued reports on the company. Needham & Company LLC upped their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Craig Hallum raised their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.67.
Get Our Latest Report on Rush Street Interactive
Rush Street Interactive Stock Up 1.1 %
Insider Activity at Rush Street Interactive
In other Rush Street Interactive news, insider Einar Roosileht sold 48,968 shares of Rush Street Interactive stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Paul Wierbicki sold 35,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the completion of the sale, the insider now directly owns 139,982 shares in the company, valued at approximately $1,571,997.86. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 870,868 shares of company stock worth $11,437,217. Corporate insiders own 56.89% of the company’s stock.
Institutional Trading of Rush Street Interactive
Hedge funds and other institutional investors have recently bought and sold shares of the company. Driehaus Capital Management LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter valued at $10,605,000. Marshall Wace LLP increased its stake in Rush Street Interactive by 185.5% in the 2nd quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock worth $9,416,000 after acquiring an additional 637,883 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Rush Street Interactive by 378.4% in the 2nd quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after acquiring an additional 490,831 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Rush Street Interactive by 47.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock valued at $14,425,000 after acquiring an additional 482,872 shares during the last quarter. Finally, Caprock Group LLC bought a new stake in shares of Rush Street Interactive during the 3rd quarter valued at about $4,178,000. Institutional investors 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.
Recommended Stories
- Five stocks we like better than Rush Street Interactive
- What Are Dividend Contenders? Investing in Dividend Contenders
- JPMorgan Chase & Co. Stock Can Hit $300 This Year
- Investing in Travel Stocks Benefits
- What Goldman Sachs’ Quarterly Results Reveal About the Economy
- 5 discounted opportunities for dividend growth investors
- 3 Dividend Stocks at Bargain Levels to Defend Your Portfolio
Receive News & Ratings for Rush Street Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Street Interactive and related companies with MarketBeat.com's FREE daily email newsletter.