Rush Street Interactive (NYSE:RSI) PT Raised to $11.00

Rush Street Interactive (NYSE:RSI) had its price target upped by Wells Fargo & Company from $9.00 to $11.00 in a research report released on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts have also recently commented on the company. Oppenheimer raised their price objective on Rush Street Interactive from $9.00 to $10.00 and gave the company an outperform rating in a research note on Thursday, May 2nd. Craig Hallum boosted their price target on shares of Rush Street Interactive from $8.00 to $10.00 and gave the company a buy rating in a research note on Thursday, May 2nd. Finally, Needham & Company LLC upped their price objective on shares of Rush Street Interactive from $9.00 to $10.00 and gave the stock a buy rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive has an average rating of Moderate Buy and an average target price of $8.83.

Rush Street Interactive Trading Down 2.1 %

NYSE:RSI opened at $9.81 on Tuesday. Rush Street Interactive has a 12 month low of $3.17 and a 12 month high of $10.26. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of -57.68 and a beta of 1.79. The firm has a fifty day simple moving average of $9.06 and a two-hundred day simple moving average of $6.95.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. Rush Street Interactive had a negative net margin of 1.58% and a negative return on equity of 15.68%. The company had revenue of $217.43 million for the quarter, compared to analysts’ expectations of $203.05 million. Equities analysts predict that Rush Street Interactive will post -0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in Rush Street Interactive by 33.2% during the 4th quarter. SG Americas Securities LLC now owns 15,108 shares of the company’s stock valued at $68,000 after acquiring an additional 3,764 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of 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 purchasing an additional 11,856 shares during the last quarter. North Star Investment Management Corp. lifted its position in shares of Rush Street Interactive by 303.9% during the first quarter. North Star Investment Management Corp. now owns 20,600 shares of the company’s stock valued at $134,000 after purchasing an additional 15,500 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Rush Street Interactive by 665.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,923 shares of the company’s stock worth $98,000 after purchasing an additional 19,058 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Rush Street Interactive during the fourth quarter worth about $90,000. 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.