Rush Street Interactive (NYSE:RSI) Receives “Market Perform” Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Rush Street Interactive (NYSE:RSI) in a research note published on Monday,Benzinga reports.

A number of other analysts also recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum boosted their price objective on 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, Needham & Company LLC lifted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.43.

Rush Street Interactive Stock Down 1.3 %

Rush Street Interactive stock opened at $14.55 on Monday. The company has a fifty day simple moving average of $13.07 and a 200-day simple moving average of $11.01. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of -727.50 and a beta of 1.88. Rush Street Interactive has a 52-week low of $3.56 and a 52-week high of $14.96.

Insider Buying and Selling at Rush Street Interactive

In other news, insider Einar Roosileht sold 48,968 shares of the firm’s stock in a transaction on 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 directly owns 830,292 shares in the company, valued at $11,657,299.68. This trade represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 completion of the sale, the director now directly owns 21,999 shares of the company’s stock, valued at $298,086.45. The trade was a 84.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 542,106 shares of company stock worth $6,757,094 over the last three months. Insiders own 56.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive during the 3rd quarter worth approximately $44,000. Point72 DIFC Ltd acquired a new position in shares of Rush Street Interactive in the third quarter worth $70,000. New York State Teachers Retirement System increased its position in shares of Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after acquiring an additional 1,020 shares during the period. Quarry LP raised its stake in shares of Rush Street Interactive by 15.9% in the second quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Rush Street Interactive in the second quarter valued at $98,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

About Rush Street Interactive

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.