Rush Street Interactive, Inc. (NYSE:RSI – Get Free Report) Director Jack Markell bought 1,500 shares of the business’s stock in a transaction on Friday, September 25th. The shares were purchased at an average cost of $19.35 per share, for a total transaction of $29,025.00. Following the completion of the purchase, the director owned 18,883 shares in the company, valued at approximately $365,386.05. This trade represents a 8.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Rush Street Interactive Stock Up 1.7%
Shares of Rush Street Interactive stock opened at $19.88 on Friday. The stock has a market cap of $4.61 billion, a PE ratio of 68.54 and a beta of 1.51. The business has a fifty day simple moving average of $26.35 and a 200-day simple moving average of $26.27. Rush Street Interactive, Inc. has a 12 month low of $15.51 and a 12 month high of $34.53.
Rush Street Interactive (NYSE:RSI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.Rush Street Interactive’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Analysts expect that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
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Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Rush Street Interactive during the 2nd quarter worth about $448,435,000. William Blair Investment Management LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter valued at approximately $48,647,000. Arrowstreet Capital Limited Partnership increased its holdings in Rush Street Interactive by 84.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock worth $60,121,000 after buying an additional 1,267,622 shares during the last quarter. Bank of America Corp DE acquired a new position in Rush Street Interactive in the second quarter worth approximately $34,015,000. Finally, Cooper Creek Partners Management LLC bought a new position in Rush Street Interactive during the first quarter valued at approximately $24,874,000. 24.78% of the stock is owned by institutional investors and hedge funds.
About Rush Street Interactive
Rush Street Interactive, Inc (NYSE: RSI) is an online gaming and sports betting company that operates digital casino, sportsbook and related gaming platforms. Its consumer-facing brands include BetRivers and PlaySugarHouse, which offer mobile and online wagering products such as sports betting, internet casino games and, in certain markets, online poker.
The company operates primarily in regulated markets across the United States and Canada, as well as select Latin American jurisdictions.
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