Needham & Company LLC reiterated their buy rating on shares of Rush Street Interactive (NYSE:RSI – Get Rating) in a report published on Thursday morning, Benzinga reports. Needham & Company LLC currently has a $6.00 target price on the stock.
Separately, JMP Securities dropped their price objective on Rush Street Interactive from $12.00 to $8.00 and set a market outperform rating on the stock in a research report on Friday, January 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Rush Street Interactive presently has an average rating of Moderate Buy and a consensus price target of $8.63.
Rush Street Interactive Trading Down 2.1 %
Shares of Rush Street Interactive stock opened at $3.76 on Thursday. The firm has a market cap of $829.08 million, a P/E ratio of -6.16 and a beta of 1.77. Rush Street Interactive has a 12 month low of $2.89 and a 12 month high of $9.34. The stock’s fifty day moving average price is $4.02 and its 200-day moving average price is $4.09.
Insiders Place Their Bets
Institutional Investors Weigh In On Rush Street Interactive
Several institutional investors have recently added to or reduced their stakes in the business. HBK Sorce Advisory LLC acquired a new stake in shares of Rush Street Interactive during the third quarter worth about $28,000. Point72 Hong Kong Ltd lifted its holdings in shares of Rush Street Interactive by 138.1% during the third quarter. Point72 Hong Kong Ltd now owns 10,279 shares of the company’s stock worth $38,000 after purchasing an additional 5,962 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth about $39,000. UBS Group AG lifted its holdings in shares of Rush Street Interactive by 357.1% during the fourth quarter. UBS Group AG now owns 13,943 shares of the company’s stock worth $50,000 after purchasing an additional 10,893 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Rush Street Interactive during the second quarter worth about $51,000. Institutional investors and hedge funds own 35.79% 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 and 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.
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