Rush Street Interactive (NYSE:RSI) Price Target Raised to $14.00

Rush Street Interactive (NYSE:RSI) had its price target increased by Susquehanna from $12.00 to $14.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on RSI. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group lifted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Finally, Craig Hallum raised their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.71.

Rush Street Interactive Trading Down 15.2 %

RSI opened at $11.27 on Tuesday. Rush Street Interactive has a 12 month low of $5.22 and a 12 month high of $16.78. The business’s 50-day moving average price is $14.39 and its 200-day moving average price is $12.25. The company has a market cap of $2.54 billion, a P/E ratio of -563.70 and a beta of 1.88.

Insider Transactions at Rush Street Interactive

In other 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 value of $687,510.72. Following the sale, the insider now directly owns 830,292 shares of the company’s stock, valued at approximately $11,657,299.68. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Todd Schwartz sold 149,605 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $14.61, for a total value of $2,185,729.05. Following the transaction, the chief executive officer now directly owns 2,151,648 shares of the company’s stock, valued at approximately $31,435,577.28. The trade was a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 825,853 shares of company stock valued at $11,655,336 over the last 90 days. Company insiders own 56.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd bought a new position in Rush Street Interactive in the 4th quarter valued at $28,000. Heck Capital Advisors LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter valued at about $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rush Street Interactive during the third quarter valued at approximately $44,000. WealthTrak Capital Management LLC bought a new stake in Rush Street Interactive during the 4th quarter valued at $71,000. Finally, Point72 DIFC Ltd bought a new position in shares of Rush Street Interactive in the 3rd quarter worth $70,000. Hedge funds and other 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.