Rush Street Interactive, Inc. (NYSE:RSI) Receives $6.83 Consensus Target Price from Analysts

Shares of Rush Street Interactive, Inc. (NYSE:RSIGet Free Report) have earned an average recommendation of “Buy” from the five ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $6.83.

RSI has been the topic of several research reports. JMP Securities decreased their target price on Rush Street Interactive from $7.00 to $6.00 and set a “market outperform” rating on the stock in a research note on Friday, January 12th. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of Rush Street Interactive in a research note on Wednesday, January 17th.

View Our Latest Stock Analysis on Rush Street Interactive

Rush Street Interactive Stock Down 0.5 %

Shares of NYSE:RSI opened at $5.89 on Tuesday. The business has a fifty day moving average of $4.59 and a two-hundred day moving average of $4.41. Rush Street Interactive has a 52-week low of $2.77 and a 52-week high of $6.01. The stock has a market cap of $1.31 billion, a P/E ratio of -15.10 and a beta of 1.68.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC purchased a new position in shares of Rush Street Interactive in the 4th quarter valued at about $157,000. Aigen Investment Management LP purchased a new position in shares of Rush Street Interactive in the 4th quarter valued at about $90,000. UBS Group AG grew its stake in Rush Street Interactive by 131.1% during the 4th quarter. UBS Group AG now owns 73,610 shares of the company’s stock worth $331,000 after buying an additional 41,760 shares during the last quarter. Norges Bank purchased a new position in Rush Street Interactive during the 4th quarter worth approximately $3,152,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Rush Street Interactive by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 514,936 shares of the company’s stock worth $2,312,000 after buying an additional 30,101 shares during the last quarter. Hedge funds and other institutional investors own 20.97% of the company’s stock.

About Rush Street Interactive

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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.

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Analyst Recommendations for Rush Street Interactive (NYSE:RSI)

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