Rush Street Interactive, Inc. (NYSE:RSI) Director Masi Niccolo De Sells 224,337 Shares

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 224,337 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $13.92, for a total value of $3,122,771.04. Following the completion of the transaction, the director now directly owns 1,208,653 shares in the company, valued at $16,824,449.76. The trade was a 15.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 Trading Down 1.5%

NYSE RSI traded down $0.22 during trading on Friday, hitting $13.88. 1,579,946 shares of the company's stock were exchanged, compared to its average volume of 1,777,144. The company has a market cap of $3.18 billion, a PE ratio of 173.57 and a beta of 1.85. Rush Street Interactive, Inc. has a fifty-two week low of $8.52 and a fifty-two week high of $16.78. The stock's 50 day moving average price is $12.38 and its two-hundred day moving average price is $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 (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 company had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. During the same period in the previous year, the firm posted $0.03 EPS. The firm's revenue was up 20.7% on a year-over-year basis. Analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on RSI. Susquehanna raised 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. Macquarie reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Rush Street Interactive in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, May 1st. Wells Fargo & Company raised their target price 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. Finally, Benchmark boosted their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $15.63.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently bought and sold shares of RSI. Rhumbline Advisers grew its holdings in shares of Rush Street Interactive by 2.4% during the fourth quarter. Rhumbline Advisers now owns 103,426 shares of the company's stock worth $1,419,000 after purchasing an additional 2,457 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Rush Street Interactive by 10.8% during the 4th quarter. Principal Financial Group Inc. now owns 86,051 shares of the company's stock worth $1,181,000 after acquiring an additional 8,393 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Rush Street Interactive by 732.2% during the 4th quarter. New York State Common Retirement Fund now owns 177,627 shares of the company's stock worth $2,437,000 after acquiring an additional 156,282 shares during the last quarter. Ieq Capital LLC acquired a new position in Rush Street Interactive in the 4th quarter valued at approximately $616,000. Finally, Wealthspire Advisors LLC bought a new position in shares of Rush Street Interactive during the fourth quarter valued at $206,000. Institutional investors and hedge funds 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.