Rush Street Interactive (NYSE:RSI) Given “Market Outperform” Rating at JMP Securities

JMP Securities restated their market outperform rating on shares of Rush Street Interactive (NYSE:RSI) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $7.00 target price on the stock.

A number of other research analysts have also issued reports on RSI. Susquehanna raised their target price on shares of Rush Street Interactive from $4.75 to $5.00 and gave the company a positive rating in a research note on Thursday, July 20th. Needham & Company LLC reaffirmed a buy rating and issued a $6.00 target price on shares of Rush Street Interactive in a report on Thursday, August 3rd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of Buy and a consensus price target of $7.00.

Rush Street Interactive Stock Down 2.0 %

NYSE:RSI opened at $4.52 on Tuesday. The business’s 50-day moving average price is $3.87 and its 200 day moving average price is $3.45. Rush Street Interactive has a 52-week low of $2.77 and a 52-week high of $5.49. The firm has a market cap of $1.00 billion, a P/E ratio of -10.51 and a beta of 1.63.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, August 2nd. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.03. Rush Street Interactive had a negative return on equity of 24.15% and a negative net margin of 4.37%. The business had revenue of $165.06 million during the quarter, compared to analyst estimates of $158.97 million. Sell-side analysts expect that Rush Street Interactive will post -0.31 EPS for the current year.

Institutional Trading of Rush Street Interactive

A number of hedge funds and other institutional investors have recently made changes to their positions in RSI. American International Group Inc. boosted its holdings in shares of Rush Street Interactive by 8.9% during the second quarter. American International Group Inc. now owns 28,427 shares of the company’s stock worth $133,000 after acquiring an additional 2,328 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Rush Street Interactive by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 422,753 shares of the company’s stock worth $1,518,000 after acquiring an additional 3,891 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Rush Street Interactive by 13.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 33,780 shares of the company’s stock valued at $125,000 after purchasing an additional 3,902 shares in the last quarter. State Street Corp boosted its holdings in shares of Rush Street Interactive by 0.4% in the 1st quarter. State Street Corp now owns 1,021,087 shares of the company’s stock valued at $3,176,000 after purchasing an additional 4,018 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Rush Street Interactive by 17.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 29,360 shares of the company’s stock worth $92,000 after buying an additional 4,333 shares in the last quarter. 20.97% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Company Profile

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.