Rush Street Interactive, Inc. (NYSE:RSI) Receives Average Recommendation of “Buy” from Analysts

Shares of Rush Street Interactive, Inc. (NYSE:RSIGet Rating) have been assigned an average recommendation of “Buy” from the nine analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $15.75.

Several equities analysts have recently issued reports on the stock. Oppenheimer lowered their price objective on shares of Rush Street Interactive from $14.00 to $11.00 in a research note on Thursday, March 3rd. Craig Hallum cut shares of Rush Street Interactive from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research note on Thursday, March 3rd. Wells Fargo & Company raised shares of Rush Street Interactive from an “equal weight” rating to an “overweight” rating and set a $10.00 price objective on the stock in a research note on Wednesday, April 27th. Benchmark lowered their price objective on shares of Rush Street Interactive from $27.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, March 10th. Finally, Needham & Company LLC dropped their target price on shares of Rush Street Interactive from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Thursday, March 3rd.

RSI stock traded up $0.17 during trading on Thursday, reaching $5.70. 1,415,998 shares of the company’s stock were exchanged, compared to its average volume of 1,405,979. Rush Street Interactive has a 1-year low of $5.39 and a 1-year high of $21.83. The company has a fifty day simple moving average of $7.49. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -9.87 and a beta of 1.79.

Rush Street Interactive (NYSE:RSIGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.05). Rush Street Interactive had a negative return on equity of 15.96% and a negative net margin of 6.68%. The business had revenue of $134.94 million for the quarter, compared to analyst estimates of $135.40 million. During the same quarter last year, the firm posted ($0.08) EPS. The company’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts forecast that Rush Street Interactive will post -0.67 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of RSI. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Rush Street Interactive in the third quarter valued at approximately $50,000. Exos Asset Management LLC boosted its holdings in shares of Rush Street Interactive by 17.7% during the 1st quarter. Exos Asset Management LLC now owns 9,989 shares of the company’s stock worth $73,000 after buying an additional 1,500 shares during the period. Rockefeller Capital Management L.P. acquired a new position in Rush Street Interactive in the 4th quarter valued at $81,000. Parametrica Management Ltd acquired a new position in Rush Street Interactive during the 1st quarter worth $103,000. Finally, Lindbrook Capital LLC acquired a new position in Rush Street Interactive during the 4th quarter worth $109,000. Hedge funds and other institutional investors own 36.45% of the company’s stock.

Rush Street Interactive Company Profile (Get Rating)

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States and 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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Analyst Recommendations for Rush Street Interactive (NYSE:RSI)

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