Rush Street Interactive (NYSE:RSI) Given “Outperform” Rating at Macquarie

Rush Street Interactive (NYSE:RSI)‘s stock had its “outperform” rating reiterated by Macquarie in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $16.00 target price on the stock. Macquarie’s target price indicates a potential upside of 41.92% from the company’s previous close.

A number of other research analysts also recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a research note on Thursday. Susquehanna boosted their price target on Rush Street Interactive from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday. Craig Hallum increased their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group lifted their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company boosted 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 report on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Rush Street Interactive has a consensus rating of “Moderate Buy” and a consensus price target of $15.71.

Rush Street Interactive Trading Down 15.2 %

RSI stock traded down $2.03 during midday trading on Thursday, hitting $11.27. The stock had a trading volume of 7,272,812 shares, compared to its average volume of 2,130,006. The firm has a market cap of $2.54 billion, a P/E ratio of -563.70 and a beta of 1.88. The business has a fifty day moving average price of $14.43 and a two-hundred day moving average price of $12.26. Rush Street Interactive has a 1-year low of $5.22 and a 1-year high of $16.78.

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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total value of $687,510.72. Following the transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Wierbicki sold 7,500 shares of the company’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total value of $112,500.00. Following the sale, the insider now owns 139,387 shares of the company’s stock, valued at $2,090,805. This trade represents a 5.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 825,853 shares of company stock worth $11,655,336. 56.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Rush Street Interactive by 14.0% during the fourth quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock worth $117,943,000 after acquiring an additional 1,056,583 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Rush Street Interactive by 62.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company’s stock worth $36,540,000 after purchasing an additional 1,018,889 shares during the period. Driehaus Capital Management LLC boosted its holdings in shares of Rush Street Interactive by 56.6% in the 4th quarter. Driehaus Capital Management LLC now owns 2,200,517 shares of the company’s stock worth $30,191,000 after buying an additional 795,719 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Rush Street Interactive by 7,958.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock worth $27,843,000 after buying an additional 2,004,059 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Rush Street Interactive by 43.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company’s stock valued at $26,924,000 after buying an additional 598,300 shares during the period. 24.78% of the stock is owned by institutional investors.

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.