Rush Street Interactive (RSI) Scheduled to Post Quarterly Earnings on Wednesday

Rush Street Interactive (NYSE:RSI) is scheduled to be releasing 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. The business 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 Price Performance

Shares of RSI opened at $6.27 on Tuesday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -23.22 and a beta of 1.71. Rush Street Interactive has a 1 year low of $2.85 and a 1 year high of $7.31. The business’s 50 day simple moving average is $6.16 and its 200-day simple moving average is $5.06.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RSI. Oppenheimer lifted their price objective on shares of Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. 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. Susquehanna reaffirmed a “neutral” rating and set a $6.00 price objective (up from $5.00) on shares of Rush Street Interactive in a research note on Monday, March 4th. Finally, Wells Fargo & Company increased their target price on shares of Rush Street Interactive from $7.00 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.50.

Insiders Place Their Bets

In other Rush Street Interactive news, CFO Kyle Sauers sold 15,983 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $6.11, for a total value of $97,656.13. Following the completion of the sale, the chief financial officer now directly owns 550,174 shares of the company’s stock, valued at approximately $3,361,563.14. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, insider Paul Wierbicki sold 22,743 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total transaction of $132,591.69. Following the transaction, the insider now owns 174,982 shares in the company, valued at $1,020,145.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kyle Sauers sold 15,983 shares of Rush Street Interactive stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $6.11, for a total value of $97,656.13. Following the completion of the sale, the chief financial officer now owns 550,174 shares of the company’s stock, valued at $3,361,563.14. The disclosure for this sale can be found here. Insiders have sold a total of 331,552 shares of company stock worth $2,094,498 over the last quarter. Company insiders own 56.96% of the company’s stock.

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.