Key Points
- Insider sale: Paul Wierbicki sold 15,000 shares at an average price of $21.05 on March 23 for a total of $315,750, trimming his stake by 8.19% to 168,256 shares (worth about $3.54M).
- Quarterly results: RSI reported Q results with EPS of $0.08 (vs. $0.10 expected) but revenue of $324.9M beat estimates and rose 27.8% year-over-year; the stock trades near its 52-week high with a $5.10B market cap and a P/E of 78.37.
- Analyst and ownership view: Consensus is a "Moderate Buy" with a $22.88 price target, and institutional investors own about 24.78% of the company.
Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) insider Paul Wierbicki sold 15,000 shares of Rush Street Interactive stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $21.05, for a total value of $315,750.00. Following the sale, the insider owned 168,256 shares in the company, valued at $3,541,788.80. The trade was a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Rush Street Interactive Stock Performance
Shares of NYSE:RSI opened at $21.94 on Thursday. The company has a market capitalization of $5.10 billion, a P/E ratio of 78.37 and a beta of 1.54. The company's 50-day moving average is $18.94 and its 200 day moving average is $19.04. Rush Street Interactive, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $22.65.
Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). The company had revenue of $324.89 million for the quarter, compared to analysts' expectations of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business's quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS. As a group, research analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.
Hedge Funds Weigh In On Rush Street Interactive
Large investors have recently modified their holdings of the business. Man Group plc raised its position in shares of Rush Street Interactive by 0.7% in the second quarter. Man Group plc now owns 89,535 shares of the company's stock valued at $1,334,000 after purchasing an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Rush Street Interactive by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company's stock valued at $398,000 after buying an additional 752 shares in the last quarter. Cerity Partners LLC boosted its holdings in Rush Street Interactive by 4.6% in the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company's stock worth $460,000 after buying an additional 1,042 shares during the period. New York State Teachers Retirement System boosted its holdings in Rush Street Interactive by 15.6% in the 3rd quarter. New York State Teachers Retirement System now owns 8,022 shares of the company's stock worth $164,000 after buying an additional 1,084 shares during the period. Finally, Diversified Trust Co grew its stake in Rush Street Interactive by 5.8% in the 3rd quarter. Diversified Trust Co now owns 27,049 shares of the company's stock valued at $554,000 after buying an additional 1,474 shares in the last quarter. Hedge funds and other institutional investors own 24.78% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on RSI shares. Freedom Capital upgraded shares of Rush Street Interactive to a "strong-buy" rating in a research note on Wednesday, March 11th. Benchmark reiterated a "buy" rating on shares of Rush Street Interactive in a research note on Wednesday, February 18th. Craig Hallum reissued a "buy" rating on shares of Rush Street Interactive in a report on Tuesday, December 9th. Zacks Research downgraded Rush Street Interactive from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Rush Street Interactive in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.88.
Check Out Our Latest Report on Rush Street Interactive
About Rush Street Interactive
(
Get Free Report)
Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.
The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.
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