Rush Street Interactive (NYSE:RSI) CFO Sells $467,130.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $20.31, for a total value of $467,130.00. Following the sale, the chief financial officer directly owned 583,526 shares in the company, valued at approximately $11,851,413.06. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kyle Sauers also recently made the following trade(s):

• On Thursday, September 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $26.56, for a total value of $610,880.00.
• On Monday, August 3rd, Kyle Sauers sold 23,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $26.65, for a total value of $612,950.00.

Rush Street Interactive Stock Down 1.5%

RSI opened at $20.26 on Thursday. Rush Street Interactive, Inc. has a 52 week low of $15.51 and a 52 week high of $34.53. The stock has a market cap of $4.69 billion, a PE ratio of 69.85 and a beta of 1.71. The business has a 50 day moving average of $24.48 and a 200-day moving average of $26.28.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $393.78 million for the quarter, compared to analysts’ expectations of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts anticipate that Rush Street Interactive, Inc. will post 0.49 EPS for the current year.

Wall Street Analyst Weigh In

RSI has been the subject of several research reports. Oppenheimer increased their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Susquehanna lifted their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. 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. Benchmark raised their price objective 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. Finally, Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.10.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new position in Rush Street Interactive in the 2nd quarter valued at approximately $1,323,000. Integrated Wealth Concepts LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth $70,000. Allworth Financial LP raised its stake in shares of Rush Street Interactive by 38.1% in the second quarter. Allworth Financial LP now owns 1,917 shares of the company’s stock worth $57,000 after purchasing an additional 529 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Rush Street Interactive by 11.4% in the second quarter. Arizona State Retirement System now owns 30,002 shares of the company’s stock worth $892,000 after purchasing an additional 3,081 shares during the last quarter. Finally, Corient Private Wealth LP lifted its holdings in shares of Rush Street Interactive by 14.7% during the second quarter. Corient Private Wealth LP now owns 75,364 shares of the company’s stock valued at $2,241,000 after purchasing an additional 9,687 shares in the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its consumer-facing brands include BetRivers and PlaySugarHouse, which offer online casino games, sports wagering, and related digital gaming services where permitted by local regulations.

The company serves customers in multiple regulated markets across the United States and Latin America. Its operations have included online sports betting and casino gaming in U.S.