Masi Niccolo De Sells 180,362 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 180,362 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $13.70, for a total value of $2,470,959.40. Following the completion of the sale, the director now directly owns 1,432,990 shares of the company's stock, valued at $19,631,963. The trade was a 11.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $13.92, for a total transaction of $3,122,771.04.
• 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 Price Performance

Rush Street Interactive stock traded down $0.22 during mid-day trading on Friday, reaching $13.88. The stock had a trading volume of 1,579,946 shares, compared to its average volume of 1,777,144. 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, Inc. has a one year low of $8.52 and a one year high of $16.78. The company has a 50-day moving average price of $12.38 and a two-hundred day moving average price of $12.86.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share 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 company had revenue of $262.41 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter last year, the firm earned $0.03 earnings per share. The firm's quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RSI shares. Susquehanna lifted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Wall Street Zen raised shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research report on Monday, June 9th. Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Macquarie reaffirmed an "outperform" rating and set a $16.00 target price on shares of Rush Street Interactive in a research note on Friday, May 2nd. Finally, Benchmark lifted their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Rush Street Interactive currently has an average rating of "Buy" and a consensus price target of $15.63.

Institutional Trading of Rush Street Interactive

A number of institutional investors and hedge funds have recently modified their holdings of the business. Voya Investment Management LLC lifted its holdings in shares of Rush Street Interactive by 9.0% during the first quarter. Voya Investment Management LLC now owns 45,003 shares of the company's stock valued at $482,000 after purchasing an additional 3,727 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Rush Street Interactive by 4.6% in the first quarter. Rhumbline Advisers now owns 108,193 shares of the company's stock worth $1,160,000 after acquiring an additional 4,767 shares during the period. Strs Ohio purchased a new stake in Rush Street Interactive during the 1st quarter valued at $589,000. Caxton Associates LLP purchased a new stake in Rush Street Interactive during the 1st quarter valued at $731,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Rush Street Interactive by 18.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company's stock valued at $7,394,000 after buying an additional 109,366 shares during the period. Institutional investors own 24.78% of the company's stock.

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.