Rush Street Interactive, Inc. (NYSE:RSI) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.63.
Several equities analysts recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Rush Street Interactive from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, July 28th. Zacks Investment Research raised Rush Street Interactive from a “sell” rating to a “hold” rating in a report on Thursday, June 17th. Macquarie initiated coverage on Rush Street Interactive in a report on Monday, August 2nd. They issued an “outperform” rating and a $21.00 price objective on the stock. Oppenheimer upped their price objective on Rush Street Interactive from $18.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, August 13th. Finally, Wells Fargo & Company started coverage on Rush Street Interactive in a report on Tuesday, September 14th. They set an “equal weight” rating and a $15.00 target price on the stock.
Several hedge funds and other institutional investors have recently made changes to their positions in RSI. Alliancebernstein L.P. grew its position in shares of Rush Street Interactive by 167.8% in the first quarter. Alliancebernstein L.P. now owns 3,710,368 shares of the company’s stock valued at $60,627,000 after purchasing an additional 2,324,850 shares in the last quarter. BlackRock Inc. purchased a new position in Rush Street Interactive during the first quarter worth about $16,299,000. Royce & Associates LP grew its position in Rush Street Interactive by 11.5% during the first quarter. Royce & Associates LP now owns 145,000 shares of the company’s stock worth $2,369,000 after buying an additional 15,000 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Rush Street Interactive during the first quarter worth about $233,000. Finally, Jennison Associates LLC grew its position in Rush Street Interactive by 942.3% during the first quarter. Jennison Associates LLC now owns 1,621,532 shares of the company’s stock worth $26,496,000 after buying an additional 1,465,961 shares in the last quarter. Institutional investors own 19.10% of the company’s stock.
Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Thursday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.04. The business had revenue of $122.80 million during the quarter, compared to the consensus estimate of $115.90 million. Research analysts anticipate that Rush Street Interactive will post -0.27 EPS for the current fiscal year.
Rush Street Interactive Company Profile
See Also: Initial Coin Offering (ICO)
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