Rush Street Interactive’s (RSI) “Market Perform” Rating Reiterated at JMP Securities

Rush Street Interactive (NYSE:RSI)‘s stock had its “market perform” rating reissued by research analysts at JMP Securities in a research note issued on Monday,Benzinga reports.

Several other research firms have also recently weighed in on RSI. Craig Hallum upped their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC upped their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price target on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and an average target price of $12.43.

Rush Street Interactive Stock Up 4.1 %

Shares of NYSE RSI opened at $14.78 on Monday. Rush Street Interactive has a twelve month low of $3.56 and a twelve month high of $14.96. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of -739.00 and a beta of 1.88. The company’s fifty day moving average is $13.00 and its 200-day moving average is $10.98.

Insider Buying and Selling at Rush Street Interactive

In other news, insider Paul Wierbicki sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the sale, the insider now owns 139,982 shares in the company, valued at $1,571,997.86. This represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Einar Roosileht sold 48,968 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were 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 of the company’s stock, valued at $11,657,299.68. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 542,106 shares of company stock worth $6,757,094. Insiders own 56.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

A number of large investors have recently added to or reduced their stakes in RSI. New York State Teachers Retirement System increased its stake in shares of Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares during the last quarter. Quarry LP grew its holdings in Rush Street Interactive by 15.9% during the second quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the period. Mesirow Financial Investment Management Inc. increased its position in Rush Street Interactive by 7.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after buying an additional 1,745 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Rush Street Interactive in the third quarter valued at approximately $44,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Rush Street Interactive by 25.6% in the second quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock valued at $275,000 after buying an additional 5,840 shares during the last quarter. Institutional investors and hedge funds 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.