Rush Street Interactive (RSI) to Release Earnings on Wednesday

Rush Street Interactive (NYSE:RSI - Get Free Report) will likely be announcing its earnings results 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. Investors interested in listening to the company's conference call can do so using this link.

Rush Street Interactive Stock Down 11.2 %

NYSE:RSI traded down $1.72 during trading hours on Friday, reaching $13.69. 2,270,259 shares of the stock were exchanged, compared to its average volume of 1,976,019. The business has a 50-day moving average of $14.45 and a two-hundred day moving average of $12.13. 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 $3.09 billion, a price-to-earnings ratio of -684.35 and a beta of 1.88.

Analysts Set New Price Targets

Several research analysts recently commented on RSI shares. Needham & Company LLC boosted their target price on Rush Street Interactive from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Craig Hallum upped their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upped their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Two 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 an average rating of "Moderate Buy" and an average price target of $14.00.

Insider Buying and Selling

In other news, CEO Richard Todd Schwartz sold 4,419 shares of the firm's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $13.75, for a total value of $60,761.25. Following the completion of the transaction, the chief executive officer now owns 2,392,587 shares in the company, valued at $32,898,071.25. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Einar Roosileht sold 48,968 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total value of $687,510.72. Following the completion of the transaction, the insider now owns 830,292 shares of the company's stock, valued at approximately $11,657,299.68. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 833,353 shares of company stock valued at $11,760,336 over the last three months. 56.89% of the stock is currently 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.