Key Points
- CEO Richard Todd Schwartz sold 3,690 shares at an average $12.57, totaling $46,383.30, under a pre-arranged Rule 10b5-1 plan. He retained 375,836 shares after the sale.
- Rush Street Interactive reported quarterly EPS of $0.15, topping the $0.13 consensus, while revenue of $385.85 million came in slightly below expectations; revenue grew 38.8% year over year.
- Analysts’ consensus rating was Moderate Buy, with an average price target of $26.46. The stock opened at $11.80, below its 50-day and 200-day moving averages.
Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Schwartz sold 3,690 shares of the stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $12.57, for a total transaction of $46,383.30. Following the completion of the transaction, the chief executive officer owned 375,836 shares of the company's stock, valued at $4,724,258.52. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Richard Todd Schwartz also recently made the following trade(s):
- On Monday, November 9th, Richard Schwartz sold 1,800 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.57, for a total transaction of $22,626.00.
- On Thursday, October 1st, Richard Schwartz sold 111,110 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.88, for a total transaction of $2,208,866.80.
- On Thursday, October 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.88, for a total transaction of $938,773.36.
- On Tuesday, September 1st, Richard Schwartz sold 111,110 shares of Rush Street Interactive stock. The stock was sold at an average price of $25.69, for a total transaction of $2,854,415.90.
- On Tuesday, September 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.69, for a total transaction of $1,213,133.18.
Rush Street Interactive Price Performance
Rush Street Interactive stock opened at $11.80 on Friday. Rush Street Interactive, Inc. has a 12-month low of $11.27 and a 12-month high of $34.53. The stock has a market capitalization of $2.72 billion, a PE ratio of 35.77 and a beta of 1.80. The firm has a 50 day simple moving average of $18.99 and a 200-day simple moving average of $23.45.
Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $385.85 million for the quarter, compared to analysts' expectations of $388.05 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm's quarterly revenue was up 38.8% compared to the same quarter last year. On average, analysts forecast that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.
Institutional Trading of Rush Street Interactive
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC bought a new stake in Rush Street Interactive during the second quarter worth approximately $35,000. Jacobi Capital Management LLC bought a new position in shares of Rush Street Interactive in the third quarter valued at $35,000. CoreCap Advisors LLC bought a new position in shares of Rush Street Interactive in the second quarter valued at $54,000. Allworth Financial LP acquired a new stake in shares of Rush Street Interactive during the 2nd quarter valued at $57,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Rush Street Interactive during the 3rd quarter valued at $68,000. 24.78% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on RSI. Stifel Nicolaus lowered their price target on Rush Street Interactive from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, October 26th. New Street Research set a $35.00 price objective on Rush Street Interactive in a research note on Thursday, July 23rd. Jefferies Financial Group restated a "buy" rating on shares of Rush Street Interactive in a report on Thursday, October 29th. JPMorgan Chase & Co. cut their price objective on Rush Street Interactive from $22.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, October 29th. Finally, Needham & Company LLC decreased their target price on Rush Street Interactive from $36.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of "Moderate Buy" and an average target price of $26.46.
Read Our Latest Report on Rush Street Interactive
Rush Street Interactive Company Profile
(
Get Free Report)
Rush Street Interactive, Inc. is an online gaming company that offers real-money online casino games and sports betting. Its consumer-facing brands include BetRivers and, in some markets, PlaySugarHouse. The company also offers free-to-play gaming products. Rush Street Interactive was established in 2012 as part of the Rush Street Gaming group and became a publicly traded company in 2020. It operates in regulated markets in the United States, Canada and Latin America, with the availability of its products varying by jurisdiction.
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