Judith Gold Sells 100,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Key Points

• Judith Gold, a director of Rush Street Interactive, sold 100,000 shares for a total of $1,961,000, marking a decrease in ownership by 47.25%.
• The company's stock is currently trading at $19.13, with a 1-year high of $20.32 and a 1-year low of $8.76.
• Rush Street Interactive reported $269.22 million in revenue for the last quarter, surpassing analyst expectations, and had earnings per share (EPS) of $0.11, beating estimates by $0.03.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Judith Gold sold 100,000 shares of the stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $19.61, for a total transaction of $1,961,000.00. Following the transaction, the director directly owned 111,629 shares in the company, valued at $2,189,044.69. This trade represents a 47.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rush Street Interactive Price Performance

Shares of RSI stock traded down $0.56 on Friday, hitting $18.57. 1,465,694 shares of the stock traded hands, compared to its average volume of 1,987,152. Rush Street Interactive, Inc. has a 52 week low of $8.76 and a 52 week high of $20.32. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 92.85 and a beta of 1.90. The firm has a 50 day simple moving average of $15.08 and a two-hundred day simple moving average of $13.28.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. The business had revenue of $269.22 million during the quarter, compared to analysts' expectations of $248.98 million. During the same period last year, the company posted $0.04 EPS. The business's revenue was up 22.2% on a year-over-year basis. Sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in RSI. Pacer Advisors Inc. grew its stake in shares of Rush Street Interactive by 94.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock worth $27,000 after buying an additional 1,232 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Rush Street Interactive during the 1st quarter worth about $33,000. Heck Capital Advisors LLC purchased a new position in shares of Rush Street Interactive during the 4th quarter worth about $34,000. Farther Finance Advisors LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter worth about $42,000. Finally, GAMMA Investing LLC boosted its stake in shares of Rush Street Interactive by 1,687.6% during the 1st quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock worth $70,000 after purchasing an additional 6,143 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Benchmark increased their price objective on shares of Rush Street Interactive from $17.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Needham & Company LLC increased their price objective on shares of Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Susquehanna reiterated a "positive" rating and issued a $19.00 price objective (up previously from $15.00) on shares of Rush Street Interactive in a research note on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Rush Street Interactive in a research note on Monday, June 23rd. They issued a "neutral" rating and a $14.00 price objective for the company. Finally, Macquarie reiterated an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research note on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.89.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.