<div id="readability-page-1"><p>Shares of Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) have earned an average rating of &#34;Moderate Buy&#34; from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $8.50.</p><ul><li>Rush Street Interactive May Hit the Jackpot on a Sale</li></ul><p>Several equities research analysts have recently weighed in on the company. Wells Fargo &amp; Company raised their target price on Rush Street Interactive from $8.00 to $9.00 and gave the stock an &#34;overweight&#34; rating in a research report on Thursday, May 2nd. JMP Securities restated a &#34;market perform&#34; rating on shares of Rush Street Interactive in a research report on Friday, March 8th. Oppenheimer increased their target price on shares of Rush Street Interactive from $9.00 to $10.00 and gave the company an &#34;outperform&#34; rating in a research report on Thursday, May 2nd. Craig Hallum boosted their price target on shares of Rush Street Interactive from $8.00 to $10.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, May 2nd. Finally, Needham &amp; Company LLC raised their price objective on Rush Street Interactive from $9.00 to $10.00 and gave the stock a &#34;buy&#34; rating in a report on Friday, May 17th.</p><p><b>Read Our Latest Report on Rush Street Interactive</b></p><h2>Rush Street Interactive Price Performance</h2><ul><li>2 laggard sports betting stocks that gained from the Super Bowl </li></ul><p>NYSE RSI opened at $9.40 on Friday. Rush Street Interactive has a 52 week low of $2.90 and a 52 week high of $9.64. The firm has a 50 day moving average of $7.87 and a two-hundred day moving average of $6.10. The stock has a market capitalization of $2.12 billion, a PE ratio of -55.29 and a beta of 1.79. </p><p>Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.04. Rush Street Interactive had a negative return on equity of 15.68% and a negative net margin of 1.58%. The firm had revenue of $217.43 million for the quarter, compared to analyst estimates of $203.05 million. On average, equities research analysts expect that Rush Street Interactive will post -0.05 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling</h2><p>In other news, CFO Kyle Sauers sold 21,362 shares of the company's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total value of $124,540.46. Following the completion of the sale, the chief financial officer now directly owns 536,936 shares of the company's stock, valued at $3,130,336.88. The sale was disclosed in a filing with the Securities &amp; Exchange Commission, which is available through this link. In other Rush Street Interactive news, CFO Kyle Sauers sold 21,362 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total value of $124,540.46. Following the transaction, the chief financial officer now directly owns 536,936 shares in the company, valued at approximately $3,130,336.88. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, insider Paul Wierbicki sold 22,743 shares of the company's stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total value of $132,591.69. Following the sale, the insider now owns 174,982 shares of the company's stock, valued at approximately $1,020,145.06. The disclosure for this sale can be found here. Insiders sold a total of 331,552 shares of company stock worth $2,094,498 in the last 90 days. Company insiders own 56.89% of the company's stock. </p><h2>Institutional Trading of Rush Street Interactive</h2><p>Several hedge funds and other institutional investors have recently made changes to their positions in RSI. FMR LLC lifted its holdings in shares of Rush Street Interactive by 4,395.9% in the 3rd quarter. FMR LLC now owns 1,888,355 shares of the company's stock valued at $8,724,000 after buying an additional 1,846,353 shares during the period. HG Vora Capital Management LLC raised its position in Rush Street Interactive by 16.7% in the fourth quarter. HG Vora Capital Management LLC now owns 7,000,000 shares of the company's stock worth $31,430,000 after acquiring an additional 1,000,000 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Rush Street Interactive by 24.7% in the fourth quarter. Nomura Holdings Inc. now owns 4,184,373 shares of the company's stock valued at $18,788,000 after acquiring an additional 828,984 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Rush Street Interactive during the 1st quarter worth $1,673,000. Finally, PEAK6 Investments LLC grew its stake in shares of Rush Street Interactive by 387.2% during the 3rd quarter. PEAK6 Investments LLC now owns 309,765 shares of the company's stock worth $1,431,000 after purchasing an additional 246,189 shares during the period. Hedge funds and other institutional investors own 24.78% of the company's stock. </p><h2>About Rush Street Interactive</h2> (Get Free Report<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Rush Street Interactive</li><li>When to Sell a Stock for Profit or Loss</li><li>Top 5 High-Performance Cryptocurrency ETFs to Watch</li><li>3 Ways To Invest In Coffee, Other Than Drinking It</li><li>3 Stocks That Plummeted After the Post-Fed Speech Crash</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>Adobe Stock: It’s Not Too Late To Buy The Dip</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJTSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVJTSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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<p>Rush Street Interactive, Inc. (NYSE:RSI) has received a consensus rating of "Moderate Buy" from analysts. Two analysts have rated the stock as a hold, while four have given it a buy recommendation. The average 12-month price target is $8.50. The company's shares have a 52-week low of $2.90 and a 52-week high of $9.64. The stock has a market capitalization of $2.12 billion.</p>

Rush Street Interactive, Inc. (NYSE:RSI) Receives Consensus Rating of "Moderate Buy" from Analysts