Rush Street Interactive (NYSE:RSI) Stock Rating Upgraded by Wall Street Zen

Rush Street Interactive (NYSE:RSI) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other equities analysts have also weighed in on the company. Jefferies Financial Group increased their target price on Rush Street Interactive from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Susquehanna reiterated a “positive” rating and issued a $19.00 price target (up from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Zacks Research raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Benchmark boosted their price objective on shares of Rush Street Interactive from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Rush Street Interactive in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $20.75.

Rush Street Interactive Trading Up 1.8%

Rush Street Interactive stock traded up $0.31 during mid-day trading on Friday, hitting $17.55. 174,065 shares of the company’s stock were exchanged, compared to its average volume of 1,681,454. Rush Street Interactive has a 1-year low of $9.54 and a 1-year high of $22.65. The stock has a 50 day moving average of $19.78 and a two-hundred day moving average of $16.72. The stock has a market cap of $4.01 billion, a P/E ratio of 70.27 and a beta of 1.86.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The company had revenue of $277.91 million during the quarter, compared to analysts’ expectations of $264.60 million. During the same period in the prior year, the company earned $0.05 earnings per share. The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, research analysts predict that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

Insider Activity at Rush Street Interactive

In other news, CFO Kyle Sauers sold 15,038 shares of Rush Street Interactive stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $22.34, for a total transaction of $335,948.92. Following the completion of the sale, the chief financial officer owned 418,651 shares of the company’s stock, valued at approximately $9,352,663.34. This trade represents a 3.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Einar Roosileht sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $21.47, for a total value of $1,502,900.00. Following the completion of the sale, the insider owned 876,150 shares of the company’s stock, valued at approximately $18,810,940.50. This trade represents a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 632,848 shares of company stock valued at $12,629,707 in the last 90 days. Insiders own 56.94% of the company’s stock.

Institutional Trading of Rush Street Interactive

Several large investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in shares of Rush Street Interactive by 94.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock valued at $27,000 after purchasing an additional 1,232 shares during the period. Summit Securities Group LLC acquired a new position in Rush Street Interactive in the first quarter valued at approximately $33,000. Concord Wealth Partners acquired a new stake in shares of Rush Street Interactive during the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter valued at $42,000. Finally, Osaic Holdings Inc. increased its stake in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after acquiring an additional 1,868 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

About Rush Street Interactive

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.