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Rush Street Interactive (RSI) Receives a New Rating from JMP Securities

In a report released today, Devin Ryan from JMP Securities initiated coverage with a Buy rating on Rush Street Interactive (RSIResearch Report) and a price target of $12.00. The company’s shares closed last Monday at $4.84, close to its 52-week low of $4.06.

According to TipRanks.com, Ryan is a 5-star analyst with an average return of 12.0% and a 52.6% success rate. Ryan covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, Oaktree Specialty Lending, and Pennantpark Floating Rate.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rush Street Interactive with a $11.33 average price target.

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The company has a one-year high of $21.83 and a one-year low of $4.06. Currently, Rush Street Interactive has an average volume of 1.22M.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RSI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rush Street Interactive is an online gaming company. It offers online casino and sports betting under BetRivers.com and PlaySugarHouse.com brands in the U.S. and RushBet.co brand in Colombia.

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