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

Rush Street Interactive (NYSE:RSI) is scheduled to release 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.Parties that wish to listen to the company’s conference call can do so using this link.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The company had revenue of $193.85 million during the quarter, compared to analysts’ expectations of $181.50 million. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. 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 Performance

Shares of NYSE RSI opened at $6.27 on Tuesday. The business’s 50-day simple moving average is $6.16 and its 200-day simple moving average is $5.06. Rush Street Interactive has a 52 week low of $2.85 and a 52 week high of $7.31. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -23.22 and a beta of 1.71.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, insider Paul Wierbicki sold 22,743 shares of the company’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 $132,591.69. Following the completion of the transaction, the insider now owns 174,982 shares of the company’s stock, valued at approximately $1,020,145.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Kyle Sauers sold 21,362 shares of Rush Street Interactive stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total transaction of $124,540.46. Following the sale, the chief financial officer now directly owns 536,936 shares in the company, valued at approximately $3,130,336.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul Wierbicki sold 22,743 shares of the stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total transaction of $132,591.69. Following the completion of the transaction, the insider now directly owns 174,982 shares of the company’s stock, valued at approximately $1,020,145.06. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 331,552 shares of company stock worth $2,094,498. 56.96% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RSI has been the topic of several analyst reports. Needham & Company LLC increased their price target on Rush Street Interactive from $6.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Oppenheimer lifted their target price on shares of Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Craig Hallum upgraded shares of Rush Street Interactive from a “hold” rating to a “buy” rating and upped their price target for the company from $7.00 to $8.00 in a report on Friday, April 19th. Susquehanna reiterated a “neutral” rating and issued a $6.00 price objective (up from $5.00) on shares of Rush Street Interactive in a research note on Monday, March 4th. Finally, JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research report on Friday, March 8th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

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.