Rush Street Interactive (NYSE:RSI) Trading Up 5.4%

Rush Street Interactive, Inc. (NYSE:RSIGet Free Report)’s share price was up 5.4% on Tuesday . The stock traded as high as $3.89 and last traded at $3.89. Approximately 513,699 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 565,517 shares. The stock had previously closed at $3.69.

Wall Street Analyst Weigh In

Several research firms recently issued reports on RSI. Needham & Company LLC restated a “buy” rating and set a $6.00 price target on shares of Rush Street Interactive in a research report on Wednesday. JMP Securities lowered their price target on shares of Rush Street Interactive from $7.00 to $6.00 and set a “market outperform” rating for the company in a report on Friday, January 12th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $6.83.

Get Our Latest Research Report on RSI

Rush Street Interactive Trading Up 14.1 %

The business has a fifty day simple moving average of $4.25 and a two-hundred day simple moving average of $4.16.

Rush Street Interactive (NYSE:RSIGet Free Report) last issued its quarterly earnings results on Wednesday, November 1st. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.04). The firm had revenue of $169.89 million during the quarter, compared to analysts’ expectations of $163.65 million. Rush Street Interactive had a negative return on equity of 29.95% and a negative net margin of 3.86%. As a group, sell-side analysts expect that Rush Street Interactive, Inc. will post -0.31 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In related news, CFO Kyle Sauers sold 15,410 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $3.82, for a total transaction of $58,866.20. Following the sale, the chief financial officer now owns 434,556 shares of the company’s stock, valued at $1,660,003.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 56.96% of the company’s stock.

Institutional Trading of Rush Street Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC bought a new stake in Rush Street Interactive in the second quarter worth $31,000. Verition Fund Management LLC purchased a new position in shares of Rush Street Interactive in the 2nd quarter worth about $51,000. Vident Investment Advisory LLC bought a new position in Rush Street Interactive in the 4th quarter worth about $39,000. Mackenzie Financial Corp bought a new position in Rush Street Interactive in the 2nd quarter worth about $35,000. Finally, SG Americas Securities LLC purchased a new stake in Rush Street Interactive during the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 20.97% of the company’s stock.

About Rush Street Interactive

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Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Latin America, and other countries. 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.

Further Reading

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