Rush Street Interactive (NYSE:RSI) Upgraded to “Strong-Buy” at Susquehanna

Rush Street Interactive (NYSE:RSI) was upgraded by Susquehanna from a “hold” rating to a “strong-buy” rating in a research report issued on Friday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Macquarie reiterated an “outperform” rating and set a $16.00 target price on shares of Rush Street Interactive in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group upped their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Rush Street Interactive presently has a consensus rating of “Buy” and an average price target of $15.50.

Rush Street Interactive Trading Up 3.5 %

Shares of RSI stock opened at $11.66 on Friday. The company’s fifty day moving average price is $14.35 and its 200-day moving average price is $12.27. The stock has a market cap of $2.63 billion, a PE ratio of -583.00 and a beta of 1.88. Rush Street Interactive has a 12 month low of $5.22 and a 12 month high of $16.78.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 45,256 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.51, for a total transaction of $611,408.56. Following the sale, the chief executive officer now directly owns 1,762,227 shares of the company’s stock, valued at $23,807,686.77. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mattias Stetz sold 25,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.50, for a total value of $362,500.00. Following the completion of the transaction, the chief operating officer now owns 550,484 shares in the company, valued at $7,982,018. The trade was a 4.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 825,853 shares of company stock valued at $11,655,336 over the last 90 days. 56.89% of the stock is currently owned by corporate insiders.

Institutional Trading of Rush Street Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Heck Capital Advisors LLC purchased a new stake in Rush Street Interactive during the 4th quarter valued at approximately $34,000. Mackenzie Financial Corp bought a new position in shares of Rush Street Interactive during the fourth quarter worth $1,123,000. PharVision Advisers LLC purchased a new position in Rush Street Interactive during the fourth quarter valued at $400,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Rush Street Interactive by 171.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 163,966 shares of the company’s stock valued at $2,250,000 after acquiring an additional 103,546 shares during the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in Rush Street Interactive by 1,084.0% in the 4th quarter. Voloridge Investment Management LLC now owns 194,033 shares of the company’s stock worth $2,662,000 after purchasing an additional 177,645 shares in the last quarter. 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.