Masi Niccolo De Sells 111,478 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 111,478 shares of the business's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $15.10, for a total transaction of $1,683,317.80. Following the sale, the director directly owned 780,710 shares of the company's stock, valued at approximately $11,788,721. The trade was a 12.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, July 8th, Masi Niccolo De sold 58,453 shares of Rush Street Interactive stock. The stock was sold at an average price of $15.28, for a total transaction of $893,161.84.
• 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 transaction of $4,183,869.45.
• 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 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 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 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%

RSI stock traded down $0.46 during trading on Friday, hitting $14.87. 959,180 shares of the company's stock traded hands, compared to its average volume of 1,765,446. The business has a fifty day simple moving average of $13.31 and a two-hundred day simple moving average of $12.98. The firm has a market capitalization of $3.40 billion, a P/E ratio of 185.90 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.

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 analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $262.41 million for 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%. The business's revenue was up 20.7% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. On average, equities research analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

RSI has been the topic of several analyst reports. Macquarie reissued an "outperform" rating and set a $16.00 target price on shares of Rush Street Interactive in a research report on Friday, May 2nd. JPMorgan Chase & Co. initiated coverage on shares of Rush Street Interactive in a research report on Monday, June 23rd. They issued a "neutral" rating and a $14.00 price objective for the company. Wall Street Zen cut Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Jefferies Financial Group lifted their target price on Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Benchmark upped their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Tuesday, July 1st. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Rush Street Interactive has a consensus rating of "Moderate Buy" and an average target price of $15.89.

Hedge Funds Weigh In On Rush Street Interactive

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake 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 acquiring an additional 1,232 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Rush Street Interactive during the 1st quarter valued at $33,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive in the fourth quarter worth about $34,000. Farther Finance Advisors LLC acquired a new position in shares of Rush Street Interactive during the second quarter valued at about $42,000. Finally, GAMMA Investing LLC increased its holdings 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 valued at $70,000 after acquiring an additional 6,143 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

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.