Rush Street Interactive (RSI) to Release Quarterly Earnings on Wednesday

Rush Street Interactive (NYSE:RSI) is expected to be issuing its quarterly earnings data 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. Parties that wish to register for the company’s conference call can do so using this link.

Rush Street Interactive Trading Down 3.8 %

Shares of RSI opened at $16.07 on Wednesday. The business’s fifty day simple moving average is $14.39 and its two-hundred day simple moving average is $12.08. Rush Street Interactive has a 12 month low of $5.22 and a 12 month high of $16.78. The company has a market cap of $3.63 billion, a price-to-earnings ratio of -803.25 and a beta of 1.88.

Wall Street Analysts Forecast Growth

RSI has been the topic of several recent analyst reports. Craig Hallum increased their target price on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their price target on Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group increased their price target on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Insider Buying and Selling

In related news, CEO Richard Todd Schwartz sold 45,256 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.51, for a total value of $611,408.56. Following the transaction, the chief executive officer now directly owns 1,762,227 shares of the company’s stock, valued at approximately $23,807,686.77. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Wierbicki sold 7,500 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total value of $112,500.00. Following the completion of the transaction, the insider now directly owns 139,387 shares in the company, valued at approximately $2,090,805. This represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 833,353 shares of company stock valued at $11,760,336. 56.89% of the stock is owned by company insiders.

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.