Rush Street Interactive, Inc. (NYSE:RSI) Director Sells $2,286,577.51 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 171,023 shares of Rush Street Interactive stock in a transaction on Friday, June 13th. The shares were sold at an average price of $13.37, for a total value of $2,286,577.51. Following the transaction, the director now owns 1,613,352 shares in the company, valued at $21,570,516.24. This trade represents a 9.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 value of $2,470,959.40.

Rush Street Interactive Stock Up 1.6%

NYSE RSI traded up $0.22 during trading hours on Wednesday, hitting $14.10. 1,492,827 shares of the company were exchanged, compared to its average volume of 1,778,113. The stock has a 50-day moving average price of $12.32 and a 200 day moving average price of $12.86. Rush Street Interactive, Inc. has a 52 week low of $8.52 and a 52 week high of $16.78. The stock has a market cap of $3.23 billion, a PE ratio of 176.25 and a beta of 1.85.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $262.41 million for the quarter, compared to analysts' expectations of $258.90 million. Rush Street Interactive had a return on equity of 7.35% and a net margin of 0.87%. The company's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.03 earnings per share. As a group, sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Benchmark lifted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Macquarie reaffirmed an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a report on Friday, May 2nd. 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. Finally, Susquehanna boosted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $15.63.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Arizona State Retirement System boosted its holdings in shares of Rush Street Interactive by 5.4% in the first quarter. Arizona State Retirement System now owns 24,145 shares of the company's stock valued at $259,000 after purchasing an additional 1,232 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock valued at $27,000 after purchasing an additional 1,232 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Rush Street Interactive by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company's stock valued at $594,000 after purchasing an additional 1,632 shares during the period. Tidal Investments LLC boosted its holdings in shares of Rush Street Interactive by 6.3% in the fourth quarter. Tidal Investments LLC now owns 38,360 shares of the company's stock valued at $526,000 after purchasing an additional 2,280 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Rush Street Interactive by 2.4% in the fourth quarter. Rhumbline Advisers now owns 103,426 shares of the company's stock valued at $1,419,000 after purchasing an additional 2,457 shares during the period. Institutional investors own 24.78% of the company's stock.

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.