After Sinking 7.70% During Past Week, Is Rush Street Interactive Inc. (NYSE: RSI) Still A Buy? – Marketing Sentinel
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After Sinking 7.70% During Past Week, Is Rush Street Interactive Inc. (NYSE: RSI) Still A Buy?

Rush Street Interactive Inc. (NYSE:RSI)’s traded shares stood at 1.74 million during the last session. At the close of trading, the stock’s price was $20.69, to imply an increase of 3.24% or $0.65 in intraday trading. The RSI share’s 52-week high remains $26.55, putting it -28.32% down since that peak but still an impressive 54.23% since price per share fell to its 52-week low of $9.47. The company has a valuation of $4.58B, with an average of 1.47 million shares in intraday trading volume over the past 10 days and average of 1.78 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Rush Street Interactive Inc. (RSI), translating to a mean rating of 1.70. Of 8 analyst(s) looking at the stock, 0 analyst(s) give RSI a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.13.

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Rush Street Interactive Inc. (NYSE:RSI) trade information

After registering a 3.24% upside in the last session, Rush Street Interactive Inc. (RSI) has traded red over the past five days. The stock hit a weekly high of 21.03 this Thursday, 10/07/21, jumping 3.24% in its intraday price action. The 5-day price performance for the stock is 7.70%, and 32.12% over 30 days. With these gigs, the year-to-date price performance is -4.43%. Short interest in Rush Street Interactive Inc. (NYSE:RSI) saw shorts transact 4.01 million shares and set a 2.38 days time to cover.

Analysts on Wall Street suggest a consensus price target of $20.50, implying a decrease of -0.93% to the stock’s current value. The extremes give us $15.00 and $25.00 for target low and target high price respectively. As such, RSI has been trading -20.83% off suggested target high and 27.5% from its likely low.

Rush Street Interactive Inc. (RSI) estimates and forecasts

Looking at statistics comparing Rush Street Interactive Inc. share performance against respective industry, we note that the company has underperformed competitors. Rush Street Interactive Inc. (RSI) shares are 34.35% up over the last 6 months, with its year-to-date growth rate lower than industry average at -2,600.00% against 22.00%. The rating firms project that company’s revenue will grow 72.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 8 analysts is $115.12 million. Meanwhile, for the quarter ending Dec 2021, a total of 8 analyst(s) estimate revenue growth to $132.52 million.Earnings reports from the last fiscal year show that sales brought in $75 million and $100.05 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 53.50% before jumping 32.50% in the following quarter.

RSI Dividends

Rush Street Interactive Inc. has its next earnings report out on May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Rush Street Interactive Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Rush Street Interactive Inc. (NYSE:RSI)’s Major holders

Rush Street Interactive Inc. insiders hold 12.25% of total outstanding shares, with institutional holders owning 69.76% of the shares at 79.50% float percentage. In total, 69.76% institutions holds shares in the company, led by FMR, LLC. As of Jun 29, 2021, the company held over 4.78 million shares (or 8.08% of shares), all amounting to roughly $58.59 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 3.8 million shares, or about 6.43% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $46.64 million.

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We also have Carillon Ser Tr-Carillon Eagle Small Cap Growth Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Rush Street Interactive Inc. (RSI) shares. Going by data provided on Jul 30, 2021, Carillon Ser Tr-Carillon Eagle Small Cap Growth Fund holds roughly 1.81 million shares. This is just over 3.05% of the total shares, with a market valuation of $17.78 million. Data from the same date shows that the other fund manager holds a little less at 1.41 million, or 2.38% of the shares, all valued at about 17.3 million.

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