Rush Street Interactive Inc (NYSE:RSI) shares traded 1.72% higher at $8.85 on Wall Street last session.
RSI stock price is now 22.28% away from the 50-day moving average and 67.12% away from the 200-day moving average. The market capitalization of the company currently stands at $705.17M.
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With the price target enhanced from $9 to $10, Needham maintained Buy rating for Rush Street Interactive Inc (NYSE: RSI). On April 19, 2024, Craig Hallum Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $7 to quote $8, while ‘JMP Securities’ rates the stock as ‘Mkt Perform’
In other news, SCHWARTZ RICHARD TODD, Chief Executive Officer sold 23,737 shares of the company’s stock on Apr 19 ’24. The stock was sold for $145,138 at an average price of $6.11. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,062,997 shares in the company, valued at $18.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 19 ’24, Chief Financial Officer Sauers Kyle sold 15,983 shares of the business’s stock. A total of $97,726 was realized by selling the stock at an average price of $6.11. This leaves the insider owning 550,174 shares of the company worth $4.87 million. A total of 9.14% of the company’s stock is owned by insiders.
During the past 12 months, Rush Street Interactive Inc has had a low of $2.88 and a high of $9.07. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 1.60, and a quick ratio of 1.60. The fifty day moving average price for RSI is $7.2374 and a two-hundred day moving average price translates $5.29575 for the stock.
The latest earnings results from Rush Street Interactive Inc (NYSE: RSI) was released for 2021-08-12. The net profit margin was -1.58% and return on equity was -20.73% for RSI. The company reported revenue of $217.43 million for the quarter, compared to $162.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.92 percent.
