Key Points
- CFO Kyle Sauers sold 23,000 shares at an average price of $12, totaling $276,000. The sale was made under a pre-arranged Rule 10b5-1 plan; Sauers retained 555,417 shares afterward.
- Rush Street Interactive reported quarterly EPS of $0.15, beating the $0.13 consensus, while revenue of $385.85 million fell short of estimates. Revenue rose 38.8% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $26.46; the stock opened at $11.87 in the session cited.
Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $12.00, for a total transaction of $276,000.00. Following the sale, the chief financial officer owned 555,417 shares of the company's stock, valued at $6,665,004. The trade was a 3.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kyle Sauers also recently made the following trade(s):
- On Monday, October 5th, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.31, for a total transaction of $467,130.00.
- On Thursday, September 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $26.56, for a total value of $610,880.00.
Rush Street Interactive Price Performance
NYSE RSI opened at $11.87 on Friday. The stock's fifty day moving average price is $20.39 and its 200 day moving average price is $23.59. Rush Street Interactive, Inc. has a 1 year low of $11.39 and a 1 year high of $34.53. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 35.96 and a beta of 1.80.
Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. Rush Street Interactive had a return on equity of 24.46% and a net margin of 2.56%. The company had revenue of $385.85 million during the quarter, compared to analyst estimates of $388.05 million. During the same quarter last year, the business posted $0.09 EPS. The firm's quarterly revenue was up 38.8% on a year-over-year basis. Research analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Craig Hallum lowered Rush Street Interactive from a "buy" rating to a "hold" rating and set a $15.00 price objective on the stock. in a report on Monday. Jefferies Financial Group reaffirmed a "buy" rating on shares of Rush Street Interactive in a report on Thursday, October 29th. Benchmark upped their target price on Rush Street Interactive from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Needham & Company LLC dropped their target price on Rush Street Interactive from $36.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday, October 29th. Finally, Morgan Stanley initiated coverage on shares of Rush Street Interactive in a report on Monday, October 19th. They issued an "equal weight" rating and a $22.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.46.
Get Our Latest Stock Report on RSI
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in RSI. Maryland State Retirement & Pension System lifted its position in Rush Street Interactive by 69.6% during the third quarter. Maryland State Retirement & Pension System now owns 25,807 shares of the company's stock valued at $525,000 after purchasing an additional 10,589 shares during the period. Jacobi Capital Management LLC purchased a new stake in Rush Street Interactive in the third quarter valued at $35,000. Illinois Municipal Retirement Fund purchased a new stake in Rush Street Interactive in the third quarter valued at $1,049,000. Allspring Global Investments Holdings LLC grew its position in Rush Street Interactive by 3.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 31,587 shares of the company's stock worth $630,000 after purchasing an additional 1,199 shares during the period. Finally, Covestor Ltd grew its position in Rush Street Interactive by 809.3% during the 3rd quarter. Covestor Ltd now owns 3,537 shares of the company's stock worth $72,000 after purchasing an additional 3,148 shares during the period. Hedge funds and other institutional investors own 24.78% of the company's stock.
Rush Street Interactive Company Profile
(
Get Free Report)
Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.
The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.
Further Reading
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