Rush Street Interactive (RSI) Expected to Announce Earnings on Wednesday

Rush Street Interactive (NYSE:RSI - Get Free Report) is projected to release its Q2 2025 earnings data after the market closes on Wednesday, July 30th. Analysts expect Rush Street Interactive to post earnings of $0.08 per share and revenue of $248.98 million for the quarter. Rush Street Interactive has set its FY 2025 guidance at EPS.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping 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 business had revenue of $262.41 million during the quarter, compared to the consensus estimate of $258.90 million. During the same period last year, the business posted $0.03 earnings per share. The business's revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts expect Rush Street Interactive to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rush Street Interactive Stock Performance

NYSE:RSI traded up $0.52 during trading hours on Friday, reaching $15.22. The stock had a trading volume of 1,026,964 shares, compared to its average volume of 1,274,973. The stock has a 50 day simple moving average of $13.87 and a 200 day simple moving average of $13.04. Rush Street Interactive has a 12-month low of $8.52 and a 12-month high of $16.78. The stock has a market cap of $3.48 billion, a P/E ratio of 190.21 and a beta of 1.87.

Insiders Place Their Bets

In related news, CEO Richard Todd Schwartz sold 193,905 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $15.39, for a total transaction of $2,984,197.95. Following the completion of the transaction, the chief executive officer directly owned 1,017,471 shares in the company, valued at $15,658,878.69. The trade was a 16.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Einar Roosileht sold 70,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $14.77, for a total value of $1,033,900.00. Following the transaction, the insider owned 876,150 shares of the company's stock, valued at approximately $12,940,735.50. The trade was a 7.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,143,043 shares of company stock worth $30,043,702 over the last three months. Corporate insiders own 56.94% of the company's stock.

Hedge Funds Weigh In On Rush Street Interactive

An institutional investor recently raised its position in Rush Street Interactive stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,163 shares of the company's stock after buying an additional 1,893 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Rush Street Interactive were worth $484,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 24.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RSI shares. Susquehanna raised their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Thursday, May 1st. Wall Street Zen raised Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research report on Friday, July 18th. Jefferies Financial Group raised their target price on Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday, May 1st. Finally, Benchmark boosted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.