Rush Street Interactive (NYSE:RSI) CFO Kyle Sauers Sells 15,038 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 15,038 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $22.34, for a total value of $335,948.92. Following the completion of the transaction, the chief financial officer owned 418,651 shares of the company’s stock, valued at $9,352,663.34. The trade was a 3.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Rush Street Interactive Stock Down 0.3%

Shares of RSI stock opened at $19.25 on Friday. Rush Street Interactive, Inc. has a twelve month low of $9.54 and a twelve month high of $22.65. The stock’s fifty day simple moving average is $20.38 and its 200 day simple moving average is $15.38. The firm has a market capitalization of $4.40 billion, a P/E ratio of 96.23 and a beta of 1.87.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $269.22 million for the quarter, compared to analyst estimates of $248.98 million. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%.The business’s revenue for the quarter was up 22.2% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently bought and sold shares of RSI. Pacer Advisors Inc. grew its holdings in Rush Street Interactive by 94.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock worth $27,000 after acquiring an additional 1,232 shares during the period. Summit Securities Group LLC bought a new stake in shares of Rush Street Interactive during the 1st quarter valued at about $33,000. Farther Finance Advisors LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter valued at about $42,000. GAMMA Investing LLC grew its stake in Rush Street Interactive by 1,687.6% during the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company’s stock worth $70,000 after purchasing an additional 6,143 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on RSI. Zacks Research cut shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Jefferies Financial Group increased their price objective on Rush Street Interactive from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, July 3rd. Benchmark raised their target price on Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Oppenheimer upped their price target on Rush Street Interactive from $16.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. began coverage on Rush Street Interactive in a research note on Monday, June 23rd. They issued a “neutral” rating and a $14.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.33.

About Rush Street Interactive

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.