Masi Niccolo De Sells 286,769 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) Director Masi Niccolo De sold 286,769 shares of the company’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $14.08, for a total transaction of $4,037,707.52. Following the completion of the transaction, the director now owns 921,884 shares of the company’s stock, valued at approximately $12,980,126.72. This trade represents a 23.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Masi Niccolo De also recently made the following trade(s):

• On Friday, June 20th, Masi Niccolo De sold 29,696 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.90, for a total value of $412,774.40.
• On Tuesday, June 17th, Masi Niccolo De sold 224,337 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.92, for a total value of $3,122,771.04.
• On Monday, June 16th, Masi Niccolo De sold 180,362 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.70, for a total value of $2,470,959.40.
• On Friday, June 13th, Masi Niccolo De sold 171,023 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.37, for a total value of $2,286,577.51.

Rush Street Interactive Trading Down 1.5%

NYSE:RSI opened at $13.88 on Friday. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78. The company has a 50-day moving average of $12.42 and a 200-day moving average of $12.85. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 173.57 and a beta of 1.85.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $262.41 million during the quarter, compared to analysts’ expectations of $258.90 million. Rush Street Interactive had a net margin of 0.87% and a return on equity of 7.35%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period last year, the firm posted $0.03 earnings per share. On average, research analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on RSI shares. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, May 1st. Susquehanna increased their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “positive” rating in a report on Thursday, May 1st. Benchmark increased their price objective on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, February 28th. Macquarie reiterated an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Friday, May 2nd. Finally, Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research note on Monday, June 9th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $15.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RSI. Rhumbline Advisers boosted its position in Rush Street Interactive by 2.4% during the 4th quarter. Rhumbline Advisers now owns 103,426 shares of the company’s stock worth $1,419,000 after acquiring an additional 2,457 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Rush Street Interactive by 10.8% during the fourth quarter. Principal Financial Group Inc. now owns 86,051 shares of the company’s stock worth $1,181,000 after purchasing an additional 8,393 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Rush Street Interactive by 732.2% during the fourth quarter. New York State Common Retirement Fund now owns 177,627 shares of the company’s stock worth $2,437,000 after purchasing an additional 156,282 shares during the period. Ieq Capital LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth approximately $616,000. Finally, Wealthspire Advisors LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth approximately $206,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.