Masi Niccolo De Sells 276,163 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Masi Niccolo De sold 276,163 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $15.15, for a total value of $4,183,869.45. Following the transaction, the director owned 504,547 shares in the company, valued at $7,643,887.05. This trade represents a 35.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 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 shares were 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 shares were 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 transaction 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 Down 3.0%

NYSE:RSI traded down $0.46 during trading hours on Friday, reaching $14.87. 959,180 shares of the stock were exchanged, compared to its average volume of 1,765,446. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78. The business has a 50-day moving average of $13.31 and a two-hundred day moving average of $12.98. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 185.90 and a beta of 1.87.

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

Institutional Investors Weigh In On Rush Street Interactive

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new stake in shares of Rush Street Interactive in the 2nd quarter valued at $42,000. Diversified Trust Co purchased a new stake in Rush Street Interactive during the 2nd quarter worth about $381,000. Assenagon Asset Management S.A. boosted its position in shares of Rush Street Interactive by 3.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 561,266 shares of the company's stock worth $8,363,000 after acquiring an additional 18,890 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Rush Street Interactive by 4.5% in the 2nd quarter. Exchange Traded Concepts LLC now owns 250,467 shares of the company's stock valued at $3,732,000 after acquiring an additional 10,726 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Rush Street Interactive by 45.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 18,670 shares of the company's stock valued at $281,000 after acquiring an additional 5,819 shares during the last quarter. Hedge funds and other institutional investors own 24.78% of the company's stock.

Analyst Upgrades and Downgrades

RSI has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, May 1st. Wall Street Zen lowered shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Macquarie reiterated an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research report on Friday, May 2nd. Benchmark raised their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday, July 1st. Finally, Jefferies Financial Group upped their price target on Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.89.

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.