Rush Street Interactive, Inc. (NYSE:RSI) Director Sells $893,161.84 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 58,453 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $15.28, for a total value of $893,161.84. Following the completion of the sale, the director directly owned 446,094 shares of the company's stock, valued at approximately $6,816,316.32. This represents a 11.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, July 7th, Masi Niccolo De sold 276,163 shares of Rush Street Interactive stock. The stock was sold at an average price of $15.15, for a total value of $4,183,869.45.
• On Thursday, July 3rd, Masi Niccolo De sold 111,478 shares of Rush Street Interactive stock. The stock was sold at an average price of $15.10, for a total value of $1,683,317.80.
• 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 Wednesday, June 18th, Masi Niccolo De sold 286,769 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.08, for a total value of $4,037,707.52.
• 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 value 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 value of $2,470,959.40.
• On Friday, June 13th, Masi Niccolo De sold 171,023 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.37, for a total value of $2,286,577.51.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI traded up $0.08 during trading on Wednesday, hitting $15.52. 987,086 shares of the stock were exchanged, compared to its average volume of 1,769,058. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 194.02 and a beta of 1.87. Rush Street Interactive, Inc. has a 1-year low of $8.52 and a 1-year high of $16.78. The company's fifty day simple moving average is $13.17 and its 200-day simple moving average is $12.96.

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

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently modified their holdings of RSI. Arizona State Retirement System raised its position in Rush Street Interactive by 5.4% in the 1st 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 last quarter. Pacer Advisors Inc. raised its position in Rush Street Interactive by 94.7% in the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Rush Street Interactive by 3.9% in the 4th 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 last quarter. Tidal Investments LLC raised its position in Rush Street Interactive by 6.3% in the 4th 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 last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth $34,000. Institutional investors own 24.78% of the company's stock.

Analysts Set New Price Targets

RSI has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Macquarie reissued an "outperform" rating and set a $16.00 price objective on shares of Rush Street Interactive in a report on Friday, May 2nd. Susquehanna increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a report on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. started coverage on Rush Street Interactive in a report on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.89.

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.