Masi Niccolo De Sells 58,453 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 58,453 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $15.28, for a total transaction of $893,161.84. Following the transaction, the director owned 446,094 shares in the company, valued at $6,816,316.32. This represents a 11.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were 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 transaction of $1,683,317.80.
• On Friday, June 20th, Masi Niccolo De sold 29,696 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.90, for a total transaction 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 transaction of $4,037,707.52.
• 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.
• 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 Down 3.0%

Shares of NYSE RSI traded down $0.46 during midday trading on Friday, reaching $14.87. 959,180 shares of the company were exchanged, compared to its average volume of 1,765,446. The stock's 50-day moving average price is $13.31 and its 200-day moving average price is $12.98. The stock has a market cap of $3.40 billion, a P/E ratio of 185.90 and a beta of 1.87. Rush Street Interactive, Inc. has a one year low of $8.52 and a one year high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 EPS. The firm's quarterly revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

RSI has been the topic of several research reports. JPMorgan Chase & Co. assumed coverage on shares of Rush Street Interactive in a research note on Monday, June 23rd. They issued a "neutral" rating and a $14.00 price target on the stock. Macquarie restated an "outperform" rating and set a $16.00 target price on shares of Rush Street Interactive in a research report on Friday, May 2nd. Benchmark lifted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Jefferies Financial Group increased their price target on Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Finally, 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.89.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. increased its holdings in 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. Summit Securities Group LLC bought a new stake in shares of Rush Street Interactive in the 1st quarter valued at about $33,000. Heck Capital Advisors LLC acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC acquired a new stake in shares of Rush Street Interactive in the second quarter valued at about $42,000. Finally, GAMMA Investing LLC raised its position in shares of Rush Street Interactive by 1,687.6% during the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock worth $70,000 after acquiring an additional 6,143 shares during the last quarter. 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.