Rush Street Interactive (NYSE:RSI) Given New $27.00 Price Target at Jefferies Financial Group

Rush Street Interactive (NYSE:RSI) had its price target hoisted by Jefferies Financial Group from $26.00 to $27.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Oppenheimer lifted their price target on shares of Rush Street Interactive from $16.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their price target on shares of Rush Street Interactive from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Benchmark boosted their target price 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. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $21.00 to $23.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.75.

Rush Street Interactive Trading Down 6.2%

NYSE:RSI opened at $17.04 on Thursday. The stock has a market capitalization of $3.89 billion, a PE ratio of 68.14 and a beta of 1.87. The firm’s 50 day moving average is $20.36 and its 200 day moving average is $16.43. Rush Street Interactive has a 12 month low of $9.54 and a 12 month high of $22.65.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $277.91 million for the quarter, compared to analysts’ expectations of $264.60 million. Rush Street Interactive had a net margin of 2.83% and a return on equity of 18.28%. Rush Street Interactive’s revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. Research analysts predict that Rush Street Interactive will post 0.04 earnings per share for the current year.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 96,987 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $18.79, for a total value of $1,822,385.73. Following the transaction, the chief executive officer owned 574,147 shares of the company’s stock, valued at approximately $10,788,222.13. This represents a 14.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kyle Sauers sold 15,038 shares of the company’s 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 transaction, the chief financial officer directly owned 418,651 shares in the company, valued at approximately $9,352,663.34. The trade was a 3.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 931,753 shares of company stock valued at $18,373,963. 56.94% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in shares of Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock worth $27,000 after purchasing an additional 1,232 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Rush Street Interactive in the second quarter worth $42,000. Summit Securities Group LLC bought a new position in shares of Rush Street Interactive in the first quarter worth $33,000. Osaic Holdings Inc. increased its holdings in shares of Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares during the period. Finally, State of Alaska Department of Revenue bought a new position in shares of Rush Street Interactive in the third quarter worth $105,000. Institutional investors own 24.78% of the company’s stock.

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.