Rush Street Interactive (RSI) Projected to Post Earnings on Wednesday

Rush Street Interactive (NYSE:RSI) will likely be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Rush Street Interactive to post earnings of $0.09 per share and revenue of $243.91 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Rush Street Interactive Price Performance

RSI opened at $13.69 on Monday. The business has a 50 day simple moving average of $14.45 and a 200-day simple moving average of $12.19. The stock has a market capitalization of $3.09 billion, a P/E ratio of -684.35 and a beta of 1.88. Rush Street Interactive has a 12 month low of $5.22 and a 12 month high of $16.78.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 4,419 shares of Rush Street Interactive stock in a transaction on Monday, January 13th. The stock was sold at an average price of $13.75, for a total value of $60,761.25. Following the completion of the sale, the chief executive officer now owns 2,392,587 shares of the company’s stock, valued at $32,898,071.25. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $14.40, for a total value of $360,000.00. Following the completion of the sale, the chief operating officer now directly owns 561,089 shares of the company’s stock, valued at approximately $8,079,681.60. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 825,853 shares of company stock valued at $11,655,336 over the last quarter. Company insiders own 56.89% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on RSI. Needham & Company LLC lifted their price objective on Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, January 17th. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Craig Hallum lifted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

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.