Rush Street Interactive (NYSE:RSI) Announces Earnings Results

Rush Street Interactive (NYSE:RSI) posted its quarterly earnings data on Wednesday. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04), Zacks reports. 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 Up 3.0 %

RSI traded up $0.38 during trading on Wednesday, hitting $13.27. 2,154,532 shares of the company’s stock were exchanged, compared to its average volume of 1,990,965. Rush Street Interactive has a fifty-two week low of $5.22 and a fifty-two week high of $16.78. The stock has a market cap of $3.00 billion, a P/E ratio of -663.55 and a beta of 1.88. The business’s 50 day moving average is $14.42 and its two-hundred day moving average is $12.25.

Insider Activity

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 45,256 shares of Rush Street Interactive stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $13.51, for a total transaction of $611,408.56. Following the completion of the transaction, the chief executive officer now owns 1,762,227 shares in the company, valued at approximately $23,807,686.77. The trade was a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Wierbicki sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total value of $112,500.00. Following the sale, the insider now directly owns 139,387 shares of the company’s stock, valued at $2,090,805. This represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 825,853 shares of company stock worth $11,655,336 over the last three months. 56.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on RSI shares. Needham & Company LLC lifted their target price on Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Craig Hallum lifted their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Susquehanna upped their price objective on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday. Two equities 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 has a consensus rating of “Moderate Buy” and a consensus target price of $15.33.

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.