Oppenheimer & Co. Inc. acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,307 shares of the company’s stock, valued at approximately $126,000.
Several other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. bought a new position in shares of Rush Street Interactive during the fourth quarter valued at about $45,000. Jacobi Capital Management LLC bought a new position in shares of Rush Street Interactive during the first quarter valued at about $49,000. Quantbot Technologies LP bought a new position in shares of Rush Street Interactive during the first quarter valued at about $101,000. Teton Advisors Inc. raised its stake in shares of Rush Street Interactive by 50.0% during the first quarter. Teton Advisors Inc. now owns 22,500 shares of the company’s stock valued at $368,000 after acquiring an additional 7,500 shares during the last quarter. Finally, Alpha Paradigm Partners LLC raised its stake in shares of Rush Street Interactive by 46.4% during the first quarter. Alpha Paradigm Partners LLC now owns 23,772 shares of the company’s stock valued at $388,000 after acquiring an additional 7,539 shares during the last quarter. 15.27% of the stock is owned by hedge funds and other institutional investors.
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Several equities analysts have recently commented on RSI shares. Oppenheimer upped their price objective on shares of Rush Street Interactive from $18.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, August 13th. Benchmark increased their price target on shares of Rush Street Interactive from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, May 14th. The Goldman Sachs Group decreased their price target on shares of Rush Street Interactive from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, July 28th. Zacks Investment Research raised shares of Rush Street Interactive from a “sell” rating to a “hold” rating in a research note on Thursday, June 17th. Finally, Macquarie initiated coverage on shares of Rush Street Interactive in a research note on Monday, August 2nd. They issued an “outperform” rating and a $21.00 price target for the company. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $22.57.
Shares of RSI opened at $15.49 on Monday. The stock has a market cap of $3.40 billion and a PE ratio of -1,549.00. Rush Street Interactive, Inc. has a fifty-two week low of $9.47 and a fifty-two week high of $26.55. The firm’s 50-day simple moving average is $12.04 and its two-hundred day simple moving average is $13.78.
Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Thursday, August 12th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.04. The business had revenue of $122.80 million during the quarter, compared to analysts’ expectations of $115.90 million. On average, sell-side analysts forecast that Rush Street Interactive, Inc. will post -0.27 EPS for the current fiscal year.
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