Rush Street Interactive (NYSE:RSI) Releases Earnings Results, Misses Expectations By $0.04 EPS

Rush Street Interactive (NYSE:RSI - Get Free Report) released its earnings results on Wednesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04), Zacks reports. The firm had revenue of $254.17 million during the quarter, compared to analysts' expectations of $245.43 million. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. Rush Street Interactive updated its FY 2025 guidance to EPS.

Rush Street Interactive Stock Performance

Shares of RSI stock traded up $0.39 during trading hours on Friday, reaching $11.66. The company had a trading volume of 3,924,755 shares, compared to its average volume of 2,176,030. Rush Street Interactive has a twelve month low of $5.22 and a twelve month high of $16.78. The company has a market capitalization of $2.63 billion, a P/E ratio of -583.00 and a beta of 1.88. The stock's fifty day simple moving average is $14.35 and its 200 day simple moving average is $12.29.

Insider Activity

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 133,905 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the completion of the sale, the chief executive officer now owns 2,251,943 shares in the company, valued at $32,022,629.46. This trade represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $112,500.00. Following the transaction, the insider now directly owns 139,387 shares of the company's stock, 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. Over the last quarter, insiders sold 825,853 shares of company stock worth $11,655,336. 56.89% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

Several research firms have commented on RSI. Wells Fargo & Company lifted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Thursday. Benchmark increased their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday. Macquarie reissued an "outperform" rating and set a $16.00 price target on shares of Rush Street Interactive in a research report on Thursday. JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a report on Thursday. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $15.50.

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.