Rush Street Interactive (NYSE:RSI) Stock Rating Upgraded by Susquehanna

by · The Cerbat Gem

Rush Street Interactive (NYSE:RSI – Get Free Report) was upgraded by equities research analysts at Susquehanna from a “hold” rating to a “strong-buy” rating in a research note issued on Friday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC reissued a “buy” rating and set a $17.00 price objective on shares of Rush Street Interactive in a research note on Thursday. Benchmark increased their price target on Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday. Craig Hallum lifted their price objective 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. Wells Fargo & Company increased their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Macquarie reaffirmed an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Buy” and a consensus price target of $15.50.

Get Our Latest Stock Analysis on RSI

Rush Street Interactive Stock Up 3.5 %

Shares of NYSE:RSI opened at $11.66 on Friday. The firm has a fifty day simple moving average of $14.35 and a two-hundred day simple moving average of $12.27. Rush Street Interactive has a 52 week low of $5.22 and a 52 week high of $16.78. The stock has a market capitalization of $2.63 billion, a P/E ratio of -583.00 and a beta of 1.88.

Insider Buying and Selling

In related news, CEO Richard Todd Schwartz sold 133,905 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $14.22, for a total value of $1,904,129.10. Following the transaction, the chief executive officer now owns 2,251,943 shares of the company’s stock, valued at $32,022,629.46. This represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith Gold sold 118,001 shares of Rush Street Interactive stock in a transaction on Monday, December 30th. The shares were sold at an average price of $13.55, for a total value of $1,598,913.55. Following the sale, the director now directly owns 21,999 shares of the company’s stock, valued at approximately $298,086.45. This trade represents a 84.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 825,853 shares of company stock valued at $11,655,336 in the last 90 days. Company insiders own 56.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

A number of hedge funds have recently added to or reduced their stakes in RSI. Heck Capital Advisors LLC purchased a new position in Rush Street Interactive during the 4th quarter valued at about $34,000. Mackenzie Financial Corp bought a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $1,123,000. PharVision Advisers LLC bought a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $400,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Rush Street Interactive by 171.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,966 shares of the company’s stock valued at $2,250,000 after buying an additional 103,546 shares during the period. Finally, Voloridge Investment Management LLC raised its stake in Rush Street Interactive by 1,084.0% in the fourth quarter. Voloridge Investment Management LLC now owns 194,033 shares of the company’s stock worth $2,662,000 after buying an additional 177,645 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

About Rush Street Interactive

(Get Free Report)

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.

See Also