Rush Street Interactive (NYSE:RSI) Sets New 12-Month Low at $6.53

Rush Street Interactive, Inc. (NYSE:RSIGet Rating)’s share price hit a new 52-week low on Monday . The company traded as low as $6.53 and last traded at $6.60, with a volume of 6104 shares traded. The stock had previously closed at $6.93.

A number of brokerages have weighed in on RSI. Benchmark decreased their price objective on shares of Rush Street Interactive from $27.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 10th. Craig Hallum cut shares of Rush Street Interactive from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a research note on Thursday, March 3rd. Needham & Company LLC dropped their price objective on shares of Rush Street Interactive from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, March 3rd. Oppenheimer dropped their price objective on shares of Rush Street Interactive from $14.00 to $11.00 in a research note on Thursday, March 3rd. Finally, Zacks Investment Research cut shares of Rush Street Interactive from a “buy” rating to a “hold” rating in a research note on Thursday, March 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $15.22.

The business’s fifty day moving average is $8.66.

Rush Street Interactive (NYSE:RSIGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). Rush Street Interactive had a negative return on equity of 9.74% and a negative net margin of 3.99%. The company had revenue of $130.57 million for the quarter, compared to analysts’ expectations of $136.90 million. During the same period in the prior year, the company posted ($0.01) EPS. The firm’s revenue was up 30.5% compared to the same quarter last year. On average, analysts anticipate that Rush Street Interactive, Inc. will post -0.67 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Rush Street Interactive in the third quarter valued at $50,000. Rockefeller Capital Management L.P. purchased a new position in Rush Street Interactive in the fourth quarter valued at $81,000. Lindbrook Capital LLC purchased a new position in Rush Street Interactive in the fourth quarter valued at $109,000. Exos Asset Management LLC increased its holdings in Rush Street Interactive by 17.7% in the first quarter. Exos Asset Management LLC now owns 9,989 shares of the company’s stock valued at $73,000 after buying an additional 1,500 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its holdings in Rush Street Interactive by 17.6% in the third quarter. Jacobi Capital Management LLC now owns 10,000 shares of the company’s stock valued at $192,000 after buying an additional 1,500 shares during the last quarter. 33.70% of the stock is currently owned by institutional investors and hedge funds.

About Rush Street Interactive (NYSE:RSI)

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.

Featured Articles

Receive News & Ratings for Rush Street Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Street Interactive and related companies with MarketBeat.com's FREE daily email newsletter.