Rush Street Interactive (NYSE:RSI) Stock: Insider Thomas Winter Acquires 10,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) Director Thomas Winter purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was acquired at an average price of $11.83 per share, for a total transaction of $118,300.00. Following the acquisition, the director directly owned 30,497 shares of the company’s stock, valued at $360,779.51. This trade represents a 48.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Rush Street Interactive Stock Up 9.9%

Shares of RSI stock opened at $12.53 on Wednesday. Rush Street Interactive, Inc. has a fifty-two week low of $11.39 and a fifty-two week high of $34.53. The firm’s 50 day moving average price is $20.95 and its two-hundred day moving average price is $23.67. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 37.97 and a beta of 1.80.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $385.85 million for the quarter, compared to the consensus estimate of $388.05 million. Rush Street Interactive had a net margin of 2.56% and a return on equity of 24.46%. The business’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. On average, equities analysts forecast that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

More Rush Street Interactive News

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Director Thomas Winter bought 10,000 shares for about $118,300, increasing his personal stake by nearly 49%—a notable show of confidence. Insider purchase report
• Positive Sentiment: A Zacks analysis says RSI may be oversold after falling 45.7% in four weeks, while analysts’ earnings-estimate revisions have been moving higher—potential catalysts for a rebound. Zacks analysis
• Positive Sentiment: The company’s Q3 earnings call was characterized as signaling strong growth, providing a potential fundamental counterweight to the recent share-price weakness. Earnings call highlights
• Neutral Sentiment: Despite a lower consensus price target, the reported average of $25.48 remains above the recent share price; the cut itself reflects more cautious analyst assumptions. Consensus price target report
• Negative Sentiment: Craig Hallum downgraded RSI from Buy to Hold, setting a $15 target. Barclays also reduced its price target, adding to evidence of more guarded analyst expectations. Barclays price target report

Institutional Trading of Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new stake in Rush Street Interactive in the second quarter worth $35,000. CoreCap Advisors LLC acquired a new position in shares of Rush Street Interactive during the second quarter valued at $54,000. Allworth Financial LP acquired a new position in shares of Rush Street Interactive during the second quarter valued at $57,000. Integrated Wealth Concepts LLC bought a new position in shares of Rush Street Interactive during the second quarter worth about $70,000. Finally, Quantbot Technologies LP bought a new position in shares of Rush Street Interactive during the second quarter worth about $98,000. Institutional investors own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RSI. Craig Hallum cut Rush Street Interactive from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a research note on Monday. Needham & Company LLC lowered their target price on Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 29th. Benchmark increased their target price on Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Stifel Nicolaus dropped their target price on Rush Street Interactive from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, October 26th. Finally, New Street Research set a $35.00 price target on Rush Street Interactive in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.46.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.