Rush Street Interactive (RSI) Set to Announce Earnings on Wednesday

Rush Street Interactive (NYSE:RSI) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Rush Street Interactive to post earnings of ($0.03) per share for the quarter. Rush Street Interactive has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. The firm had revenue of $193.85 million for the quarter, compared to analysts’ expectations of $181.50 million. On average, analysts expect Rush Street Interactive to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rush Street Interactive Stock Down 0.7 %

NYSE:RSI opened at $6.07 on Wednesday. Rush Street Interactive has a 52 week low of $2.85 and a 52 week high of $7.31. The stock has a market capitalization of $1.35 billion, a PE ratio of -22.48 and a beta of 1.71. The stock’s 50-day moving average price is $6.14 and its 200-day moving average price is $5.00.

Analyst Ratings Changes

Several research firms recently issued reports on RSI. Needham & Company LLC lifted their price objective on Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. Craig Hallum upgraded Rush Street Interactive from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $7.00 to $8.00 in a report on Friday, April 19th. Oppenheimer lifted their price objective on Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Wells Fargo & Company raised their target price on shares of Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.50.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 13,657 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total value of $79,620.31. Following the sale, the chief operating officer now owns 692,045 shares of the company’s stock, valued at $4,034,622.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Rush Street Interactive news, COO Mattias Stetz sold 13,657 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total value of $79,620.31. Following the sale, the chief operating officer now owns 692,045 shares of the company’s stock, valued at $4,034,622.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard Todd Schwartz sold 23,737 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $6.11, for a total value of $145,033.07. Following the completion of the sale, the chief executive officer now directly owns 2,062,997 shares in the company, valued at approximately $12,604,911.67. The disclosure for this sale can be found here. Insiders have sold a total of 331,552 shares of company stock valued at $2,094,498 over the last quarter. 56.96% of the stock is owned by company insiders.

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.