Rush Street Interactive (NYSE:RSI – Get Rating) released its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.05), MarketWatch Earnings reports. Rush Street Interactive had a negative net margin of 6.68% and a negative return on equity of 15.96%. The company had revenue of $134.94 million during the quarter, compared to analyst estimates of $135.40 million. During the same quarter in the prior year, the company earned ($0.08) EPS. The business’s revenue was up 20.7% on a year-over-year basis.
Shares of RSI stock traded down $0.56 during trading hours on Friday, hitting $6.23. The company’s stock had a trading volume of 1,942,901 shares, compared to its average volume of 1,315,170. The business has a fifty day moving average of $7.58 and a 200-day moving average of $12.47. Rush Street Interactive has a twelve month low of $6.01 and a twelve month high of $21.83.
RSI has been the subject of a number of research reports. Zacks Investment Research cut shares of Rush Street Interactive from a “hold” rating to a “strong sell” rating in a report on Wednesday. Craig Hallum cut shares of Rush Street Interactive from a “buy” rating to a “hold” rating and set a $10.00 target price for the company. in a report on Thursday, March 3rd. Needham & Company LLC reduced their target price on shares of Rush Street Interactive from $17.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, March 3rd. Oppenheimer cut their price target on shares of Rush Street Interactive from $14.00 to $11.00 in a report on Thursday, March 3rd. Finally, Benchmark cut their price target on shares of Rush Street Interactive from $27.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $15.11.
Rush Street Interactive Company Profile (Get Rating)
Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States and 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.
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