Rush Street Interactive (NYSE:RSI) Reaches New 1-Year High at $8.50

Rush Street Interactive, Inc. (NYSE:RSI) shares reached a new 52-week high on Wednesday . The company traded as high as $8.50 and last traded at $8.41, with a volume of 605375 shares changing hands. The stock had previously closed at $8.38.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Craig Hallum upped their price objective on shares of Rush Street Interactive from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Susquehanna restated a “neutral” rating and set a $6.00 price objective (up previously from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Friday, March 8th. Wells Fargo & Company lifted their target price on Rush Street Interactive from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Finally, Oppenheimer upped their price target on shares of Rush Street Interactive from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.33.

Rush Street Interactive Stock Down 0.7 %

The stock has a 50 day moving average of $6.39 and a 200 day moving average of $5.21. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -49.21 and a beta of 1.67.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $193.85 million during the quarter, compared to analysts’ expectations of $181.50 million. Rush Street Interactive had a negative net margin of 1.58% and a negative return on equity of 15.68%. As a group, analysts predict that Rush Street Interactive, Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 13,657 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total transaction of $79,620.31. Following the completion of the transaction, the chief operating officer now owns 692,045 shares of the company’s stock, valued at $4,034,622.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Richard Todd Schwartz sold 101,951 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $6.78, for a total transaction of $691,227.78. Following the sale, the chief executive officer now directly owns 2,154,618 shares in the company, valued at $14,608,310.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mattias Stetz sold 13,657 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total transaction of $79,620.31. Following the completion of the transaction, the chief operating officer now owns 692,045 shares of the company’s stock, valued at $4,034,622.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 331,552 shares of company stock valued at $2,094,498. 56.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Rush Street Interactive during the 3rd quarter worth about $52,000. Allspring Global Investments Holdings LLC lifted its stake in Rush Street Interactive by 13,627.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after buying an additional 11,856 shares during the period. Aigen Investment Management LP bought a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $90,000. Tower Research Capital LLC TRC increased its stake in shares of Rush Street Interactive by 665.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 21,923 shares of the company’s stock valued at $98,000 after acquiring an additional 19,058 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Rush Street Interactive during the 3rd quarter valued at $107,000. 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.