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

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 58,453 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $15.28, for a total transaction of $893,161.84. Following the sale, the director owned 446,094 shares of the company's stock, 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 can be accessed through this hyperlink.

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 transaction 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 stock was 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 stock was sold at an average price of $13.92, for a total transaction 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 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 Stock Up 1.0%

NYSE:RSI traded up $0.16 during mid-day trading on Tuesday, reaching $15.44. The company's stock had a trading volume of 2,186,131 shares, compared to its average volume of 1,769,407. Rush Street Interactive, Inc. has a 1 year low of $8.52 and a 1 year high of $16.78. The stock has a fifty day moving average of $13.04 and a 200-day moving average of $12.92. The firm has a market capitalization of $3.54 billion, a PE ratio of 193.02 and a beta of 1.87.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RSI. Macquarie reiterated an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research note on Friday, May 2nd. Needham & Company LLC reissued a "buy" rating and issued a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, May 1st. Susquehanna boosted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Thursday, May 1st. Benchmark boosted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Finally, Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of "Moderate Buy" and an average price target of $15.89.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently modified their holdings of RSI. Vanguard Group Inc. grew its stake in shares of Rush Street Interactive by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company's stock worth $117,943,000 after purchasing an additional 1,056,583 shares during the period. Alliancebernstein L.P. lifted its position in shares of Rush Street Interactive by 1,617.7% during the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company's stock valued at $65,754,000 after buying an additional 5,776,660 shares in the last quarter. Nuveen LLC purchased a new position in Rush Street Interactive in the 1st quarter valued at $29,005,000. Arrowstreet Capital Limited Partnership lifted its holdings in Rush Street Interactive by 62.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company's stock valued at $36,540,000 after purchasing an additional 1,018,889 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its holdings in shares of Rush Street Interactive by 12.7% during the 1st quarter. Driehaus Capital Management LLC now owns 2,480,268 shares of the company's stock worth $26,588,000 after acquiring an additional 279,751 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

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.

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