JMP Securities Reiterates Market Perform Rating for Rush Street Interactive (NYSE:RSI)

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

Several other research analysts have also issued reports on RSI. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC increased their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Craig Hallum boosted their price target on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock opened at $14.78 on Monday. The company’s fifty day moving average price is $13.00 and its two-hundred day moving average price is $10.98. The firm has a market capitalization of $3.34 billion, a PE ratio of -739.00 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 Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 103,905 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.02, for a total value of $1,145,033.10. Following the completion of the sale, the chief executive officer now owns 1,703,578 shares in the company, valued at approximately $18,773,429.56. This trade represents a 5.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul Wierbicki sold 35,000 shares of the business’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 completion of the transaction, the insider now owns 139,982 shares of the company’s stock, valued at $1,571,997.86. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 542,106 shares of company stock valued at $6,757,094 in the last three months. Corporate insiders own 56.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Several large investors have recently made changes to their positions in RSI. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Rush Street Interactive during the 3rd quarter worth about $44,000. Point72 DIFC Ltd acquired a new stake in shares of Rush Street Interactive during the 3rd quarter worth approximately $70,000. New York State Teachers Retirement System grew its position 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 buying an additional 1,020 shares during the period. Quarry LP raised its stake in shares of 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 buying an additional 1,200 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Rush Street Interactive in the second quarter valued at approximately $98,000. 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.