Rush Street Interactive (NYSE:RSI) CFO Sells $335,948.92 in Stock

Key Points

• Rush Street Interactive's CFO, Kyle Sauers, sold 15,038 shares on September 30th for $335,948.92, decreasing his ownership by 3.47% to 418,651 shares valued at approximately $9.35 million.
• The company's stock price has fluctuated, with a 1-year low of $9.54 and a high of $22.65, currently trading at around $20.07.
• Analysts have a generally positive outlook on Rush Street Interactive, with a consensus target price of $18.33 and various ratings including "buy" from eight analysts.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CFO Kyle Sauers sold 15,038 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $22.34, for a total transaction of $335,948.92. Following the sale, the chief financial officer directly owned 418,651 shares in the company, valued at $9,352,663.34. This trade represents a 3.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rush Street Interactive Price Performance

RSI stock traded down $0.41 during trading on Wednesday, hitting $20.07. 1,813,110 shares of the stock traded hands, compared to its average volume of 1,679,033. Rush Street Interactive, Inc. has a 1 year low of $9.54 and a 1 year high of $22.65. The firm's 50 day moving average is $20.10 and its two-hundred day moving average is $15.23. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 100.34 and a beta of 1.90.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $269.22 million for the quarter, compared to the consensus estimate of $248.98 million. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. Rush Street Interactive's revenue for the quarter was up 22.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its stake in Rush Street Interactive by 72.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 542,376 shares of the company's stock worth $5,814,000 after acquiring an additional 228,187 shares during the period. Calamos Advisors LLC raised its stake in Rush Street Interactive by 17.9% during the 1st quarter. Calamos Advisors LLC now owns 540,008 shares of the company's stock worth $5,789,000 after acquiring an additional 82,067 shares during the period. Jump Financial LLC raised its stake in Rush Street Interactive by 41.5% during the 1st quarter. Jump Financial LLC now owns 300,400 shares of the company's stock worth $3,220,000 after acquiring an additional 88,155 shares during the period. Two Sigma Investments LP bought a new stake in Rush Street Interactive during the 4th quarter worth approximately $783,000. Finally, GAMMA Investing LLC raised its stake in Rush Street Interactive by 1,687.6% during the 1st 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 period. Institutional investors own 24.78% of the company's stock.

Wall Street Analysts Forecast Growth

RSI has been the topic of several research analyst reports. Benchmark upped their target price on shares of Rush Street Interactive from $20.00 to $24.00 and gave the company a "buy" rating in a research note on Monday, September 8th. Zacks Research cut shares of Rush Street Interactive from a "strong-buy" rating to a "hold" rating in a research note on Monday. Needham & Company LLC upped their target price on shares of Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Oppenheimer increased their price objective on shares of Rush Street Interactive from $16.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, Susquehanna reiterated a "positive" rating and issued a $19.00 price objective (up previously from $15.00) on shares of Rush Street Interactive in a research note on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Rush Street Interactive currently has an average rating of "Moderate Buy" and a consensus target price of $18.33.

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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