Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 171,023 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $13.37, for a total transaction of $2,286,577.51. Following the sale, the director now owns 1,613,352 shares of the company's stock, valued at $21,570,516.24. This trade represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Masi Niccolo De also recently made the following trade(s):
- 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 value of $3,122,771.04.
- On Monday, June 16th, Masi Niccolo De sold 180,362 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.70, for a total transaction of $2,470,959.40.
Rush Street Interactive Trading Down 1.5%
Shares of RSI stock traded down $0.22 on Friday, reaching $13.88. The company's stock had a trading volume of 1,579,946 shares, compared to its average volume of 1,777,144. The stock's fifty day simple moving average is $12.38 and its 200-day simple moving average is $12.86. Rush Street Interactive, Inc. has a 1 year low of $8.52 and a 1 year high of $16.78. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 173.57 and a beta of 1.85.
Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Rush Street Interactive had a net margin of 0.87% and a return on equity of 7.35%. The business had revenue of $262.41 million during the quarter, compared to analyst estimates of $258.90 million. During the same quarter last year, the business earned $0.03 earnings per share. Rush Street Interactive's quarterly revenue was up 20.7% compared to the same quarter last year. Equities research analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in RSI. Bank of America Corp DE raised its position in Rush Street Interactive by 28.0% during the fourth quarter. Bank of America Corp DE now owns 563,769 shares of the company's stock valued at $7,735,000 after purchasing an additional 123,305 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of Rush Street Interactive during the 4th quarter valued at approximately $337,000. Assenagon Asset Management S.A. raised its holdings in Rush Street Interactive by 72.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 542,376 shares of the company's stock valued at $5,814,000 after buying an additional 228,187 shares during the period. Two Sigma Investments LP purchased a new position in Rush Street Interactive during the fourth quarter worth $783,000. Finally, Deutsche Bank AG increased its position in Rush Street Interactive by 233.6% during the fourth quarter. Deutsche Bank AG now owns 125,699 shares of the company's stock valued at $1,725,000 after acquiring an additional 88,017 shares during the last quarter. Institutional investors own 24.78% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently commented on RSI. Needham & Company LLC restated a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, May 1st. Macquarie reiterated an "outperform" rating and issued a $16.00 price target on shares of Rush Street Interactive in a research note on Friday, May 2nd. Benchmark raised their price target on Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 28th. Wall Street Zen raised Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Monday, June 9th. Finally, Wells Fargo & Company increased their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Rush Street Interactive has a consensus rating of "Buy" and a consensus price target of $15.63.
Get Our Latest Report on RSI
About Rush Street Interactive
(
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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.
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