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

Rush Street Interactive (NYSE:RSI) is expected to be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.09 per share and revenue of $243.91 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Rush Street Interactive Trading Down 11.2 %

RSI stock opened at $13.69 on Monday. The stock has a 50-day moving average price of $14.45 and a two-hundred day moving average price of $12.19. The company has a market cap of $3.09 billion, a PE 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 Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $14.50, for a total transaction of $362,500.00. Following the sale, the chief operating officer now owns 550,484 shares in the company, valued at $7,982,018. This represents a 4.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard Todd Schwartz sold 4,419 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $13.75, for a total value of $60,761.25. Following the sale, the chief executive officer now owns 2,392,587 shares in the company, valued at $32,898,071.25. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 825,853 shares of company stock worth $11,655,336 over the last quarter. 56.89% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Craig Hallum boosted their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC boosted their price target on Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Finally, Jefferies Financial Group boosted their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Rush Street Interactive Company Profile

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.