Key Points
- Director Jack Markell bought 1,500 Rush Street Interactive shares at $19.35 each, investing $29,025 and increasing his direct holdings by 8.63% to 18,883 shares.
- Rush Street Interactive reported quarterly revenue of $393.78 million, up 46.3% year over year, while earnings of $0.15 per share matched analyst expectations.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $35.10 versus the reported share price of $19.88.
Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Jack Markell purchased 1,500 shares of the business's stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of $19.35 per share, for a total transaction of $29,025.00. Following the acquisition, the director directly owned 18,883 shares in the company, valued at $365,386.05. This represents a 8.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Rush Street Interactive Trading Up 1.7%
RSI stock opened at $19.88 on Friday. The firm has a market cap of $4.61 billion, a PE ratio of 68.54 and a beta of 1.51. Rush Street Interactive, Inc. has a 1 year low of $15.51 and a 1 year high of $34.53. The company has a fifty day simple moving average of $26.35 and a 200 day simple moving average of $26.27.
Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The firm had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. During the same period in the prior year, the business posted $0.11 earnings per share. The business's quarterly revenue was up 46.3% on a year-over-year basis. As a group, analysts forecast that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.
Analysts Set New Price Targets
RSI has been the topic of a number of analyst reports. New Street Research set a $35.00 price objective on Rush Street Interactive in a report on Thursday, July 23rd. JPMorgan Chase & Co. upped their target price on Rush Street Interactive from $26.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Stifel Nicolaus started coverage on Rush Street Interactive in a research report on Monday. They set a "buy" rating and a $34.00 target price for the company. Citigroup reiterated a "market outperform" rating on shares of Rush Street Interactive in a report on Tuesday. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $39.00 price target on shares of Rush Street Interactive in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Rush Street Interactive currently has a consensus rating of "Moderate Buy" and an average price target of $35.10.
View Our Latest Research Report on RSI
Institutional Investors Weigh In On Rush Street Interactive
Several hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System increased its stake in shares of Rush Street Interactive by 5.2% in the first quarter. New York State Teachers Retirement System now owns 8,441 shares of the company's stock worth $184,000 after purchasing an additional 419 shares during the period. Allworth Financial LP boosted its stake in Rush Street Interactive by 38.1% during the 2nd quarter. Allworth Financial LP now owns 1,917 shares of the company's stock valued at $57,000 after purchasing an additional 529 shares during the period. Global Retirement Partners LLC acquired a new stake in Rush Street Interactive in the 2nd quarter valued at approximately $35,000. ProShare Advisors LLC grew its holdings in Rush Street Interactive by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company's stock valued at $325,000 after buying an additional 1,561 shares during the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in Rush Street Interactive in the 2nd quarter valued at approximately $54,000. 24.78% of the stock is owned by institutional investors and hedge funds.
Rush Street Interactive Company Profile
(
Get Free Report)
Rush Street Interactive, Inc (NYSE: RSI) is an online gaming and sports betting company that operates digital casino, sportsbook and related gaming platforms. Its consumer-facing brands include BetRivers and PlaySugarHouse, which offer mobile and online wagering products such as sports betting, internet casino games and, in certain markets, online poker.
The company operates primarily in regulated markets across the United States and Canada, as well as select Latin American jurisdictions.
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