Rush Street Interactive, Inc. (NYSE:RSI) Director Sells $4,037,707.52 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 286,769 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $14.08, for a total value of $4,037,707.52. Following the sale, the director now owns 921,884 shares of the company's stock, valued at $12,980,126.72. This represents a 23.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Masi Niccolo De also recently made the following trade(s):

• On Friday, June 20th, Masi Niccolo De sold 29,696 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.90, for a total value of $412,774.40.
• On Tuesday, June 17th, Masi Niccolo De sold 224,337 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.92, for a total transaction of $3,122,771.04.
• On Monday, June 16th, Masi Niccolo De sold 180,362 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.70, for a total transaction of $2,470,959.40.
• On Friday, June 13th, Masi Niccolo De sold 171,023 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.37, for a total transaction of $2,286,577.51.

Rush Street Interactive Stock Up 2.5%

RSI traded up $0.34 during trading hours on Monday, reaching $14.18. 1,345,766 shares of the company's stock traded hands, compared to its average volume of 1,773,574. The firm has a 50-day moving average price of $12.42 and a 200 day moving average price of $12.84. The firm has a market capitalization of $3.25 billion, a PE ratio of 177.27 and a beta of 1.85. Rush Street Interactive, Inc. has a 52-week low of $8.52 and a 52-week high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $262.41 million during the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a net margin of 0.87% and a return on equity of 7.35%. The business's revenue was up 20.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 earnings per share. Equities analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its holdings in Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock worth $27,000 after purchasing an additional 1,232 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Rush Street Interactive during the 1st quarter worth approximately $33,000. Heck Capital Advisors LLC bought a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $34,000. GAMMA Investing LLC lifted its position in Rush Street Interactive by 1,687.6% during the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock valued at $70,000 after acquiring an additional 6,143 shares during the last quarter. Finally, WealthTrak Capital Management LLC acquired a new stake in Rush Street Interactive in the fourth quarter valued at approximately $71,000. Institutional investors own 24.78% of the company's stock.

Wall Street Analyst Weigh In

RSI has been the topic of several research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, May 1st. Wells Fargo & Company increased their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Macquarie reiterated an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a report on Friday, May 2nd. Susquehanna increased their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a report on Thursday, May 1st. Finally, Benchmark raised their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $15.44.

About Rush Street Interactive

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.