Rush Street Interactive, Inc. (NYSE:RSI) Director Sells $1,683,317.80 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 111,478 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $15.10, for a total value of $1,683,317.80. Following the transaction, the director owned 780,710 shares of the company's stock, valued at $11,788,721. This represents a 12.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 shares were sold at an average price of $15.28, for a total value of $893,161.84.
• 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 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 RSI stock traded up $0.16 during trading hours on Tuesday, hitting $15.44. 2,186,131 shares of the company were exchanged, compared to its average volume of 1,769,407. Rush Street Interactive, Inc. has a one year low of $8.52 and a one year high of $16.78. The business's 50-day simple moving average is $13.04 and its two-hundred day simple moving average is $12.92. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 193.02 and a beta of 1.87.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced 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 company had revenue of $262.41 million for 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%. Rush Street Interactive's revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 earnings per share. As a group, analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on RSI. Wall Street Zen cut Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. started coverage on Rush Street Interactive in a report on Monday, June 23rd. They set a "neutral" rating and a $14.00 price target for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $17.00 price target on shares of Rush Street Interactive in a report on Thursday, May 1st. Jefferies Financial Group boosted their price target 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, Susquehanna boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $15.89.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 valued at $117,943,000 after buying an additional 1,056,583 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Rush Street Interactive by 1,617.7% in the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company's stock valued at $65,754,000 after purchasing an additional 5,776,660 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Rush Street Interactive in the 1st quarter valued at $29,005,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 during the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in shares of Rush Street Interactive by 12.7% in the 1st quarter. Driehaus Capital Management LLC now owns 2,480,268 shares of the company's stock valued at $26,588,000 after purchasing an additional 279,751 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.

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