In the last trading session, 2.17 million Rush Street Interactive Inc (NYSE:RSI) shares changed hands as the company’s beta touched 1.82. With the company’s per share price at $10.70 changed hands at $1.02 or 10.54% during last session, the market valuation stood at $2.44B. RSI’s last price was a discount, traded about -56.82% off its 52-week high of $16.78. The share price had its 52-week low at $5.70, which suggests the last value was 46.73% up since then. When we look at Rush Street Interactive Inc’s average trading volume, we note the 10-day average is 2.34 million shares, with the 3-month average coming to 2.08 million.
Analysts gave the Rush Street Interactive Inc (RSI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.22. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RSI as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Rush Street Interactive Inc’s EPS for the current quarter is expected to be 0.07.
Rush Street Interactive Inc (NYSE:RSI) trade information
Instantly RSI was in green as seen at the end of in last trading. With action 1.71%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -22.01%, with the 5-day performance at 1.71% in the green. However, in the 30-day time frame, Rush Street Interactive Inc (NYSE:RSI) is -30.88% down. Looking at the short shares, we see there were 9.09 million shares sold at short interest cover period of 3.65 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16, meaning bulls need an upside of 33.13% from its current market value. According to analyst projections, RSI’s forecast low is 15 with 17 as the target high. To hit the forecast high, the stock’s price needs a -58.88% plunge from its current level, while the stock would need to soar -40.19% for it to hit the projected low.
Rush Street Interactive Inc (RSI) estimates and forecasts
Year-over-year growth is forecast to reach 14.99% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 258.8M. 9 analysts are of the opinion that Rush Street Interactive Inc’s revenue for the current quarter will be 251.1M. The company’s revenue for the corresponding quarters a year ago was 217.43M and 220.38M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 19.03%. The estimates for the next quarter sales put growth at 13.94%.
The 2025 estimates are for Rush Street Interactive Inc earnings to increase by 67.80%, but the outlook for the next 5-year period is at 40.83% per year.
RSI Dividends
Rush Street Interactive Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Rush Street Interactive Inc (NYSE:RSI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.92% of Rush Street Interactive Inc shares while 82.50% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.76%. There are 82.50% institutions holding the Rush Street Interactive Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.8718% of the shares, roughly 6.74 million RSI shares worth $64.68 million.
HG VORA CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 8.7446% or 7.0 million shares worth $67.13 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 2.52 shares estimated at $26.98 million under it, the former controlled 2.67% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.16% of the shares, roughly 2.04 shares worth around $21.85 million.
