Rush Street Interactive (RSI) to Release Earnings on Wednesday

Rush Street Interactive (NYSE:RSI - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Rush Street Interactive to post earnings of ($0.02) per share for the quarter. Rush Street Interactive has set its FY 2024 guidance at EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.06. The company had revenue of $220.38 million during the quarter, compared to analysts' expectations of $201.37 million. Rush Street Interactive had a negative net margin of 0.84% and a negative return on equity of 12.45%. Rush Street Interactive's revenue was up 33.5% on a year-over-year basis. During the same period last year, the company posted ($0.08) EPS. 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 Trading Down 1.7 %

RSI traded down $0.19 during midday trading on Wednesday, reaching $10.74. The company's stock had a trading volume of 773,809 shares, compared to its average volume of 1,580,283. The stock's 50-day moving average is $10.07 and its 200-day moving average is $9.14. Rush Street Interactive has a 1 year low of $3.17 and a 1 year high of $11.59. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -63.18 and a beta of 1.79.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RSI. Needham & Company LLC raised their price objective on Rush Street Interactive from $10.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Craig Hallum raised their price target on Rush Street Interactive from $11.00 to $14.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Oppenheimer upped their price target on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Finally, Wells Fargo & Company raised their price objective on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an "overweight" rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Rush Street Interactive has an average rating of "Moderate Buy" and a consensus target price of $11.17.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, Director Judith Gold sold 150,000 shares of the business's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $9.50, for a total value of $1,425,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rush Street Interactive news, Director Judith Gold sold 150,000 shares of the business's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $9.50, for a total transaction of $1,425,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Todd Schwartz sold 78,593 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $9.56, for a total value of $751,349.08. Following the completion of the transaction, the chief executive officer now directly owns 1,984,404 shares in the company, valued at approximately $18,970,902.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 548,210 shares of company stock valued at $5,179,362 over the last ninety days. Insiders own 56.89% of the company's stock.

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.