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Director Niccolo de Masi of Rush Street Interactive (NYSE:RSI), a gaming company with a market capitalization of $3.2 billion and impressive 47.5% return over the past year, recently sold a total of 316,465 shares of Class A Common Stock, realizing approximately $4.45 million. The sales occurred in two separate transactions, with prices ranging from $13.84 to $14.27 per share. According to InvestingPro analysis, RSI is currently trading above its Fair Value.
On June 18, 2025, de Masi sold 286,769 shares at a weighted average price of $14.0833, for a total value of $4,038,559. These shares were sold in multiple transactions, with prices ranging from $13.86 to $14.15. Following this transaction, de Masi indirectly held 921,884 shares. InvestingPro data shows RSI maintains strong financial health with a current ratio of 1.66 and more cash than debt on its balance sheet. Discover 12 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
A subsequent sale on June 20, 2025, involved 29,696 shares sold at a weighted average price of $13.8977, totaling $412,799. These shares were sold in multiple transactions, with prices ranging from $13.84 to $14.27 per share. Following this transaction, de Masi indirectly held 892,188 shares.
The sales were executed pursuant to a 10b5-1 trading plan established on March 14, 2025. The shares are held by Isalea Investments LP, where de Masi serves as the Managing Member.
In other recent news, Rush Street Interactive Inc. (RSI) announced its Q1 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.09, beating the forecast of $0.07. The company reported a revenue of $262.4 million, exceeding projections of $258.85 million, marking a 21% increase from the previous year. Meanwhile, Citizens JMP highlighted substantial growth in the iGaming sector for April, with Caesars (NASDAQ:CZR) Entertainment experiencing a 45% rise in revenue. Rush Street Interactive also introduced MLB PropPacks through its BetRivers Sportsbook, enhancing its sports betting offerings. The PropPacks feature allows customers to engage with MLB games through digital player cards, offering potential rewards of up to $1,000 in bonus credits. FanDuel and Rush Street Interactive both reported a 36% growth in iGaming revenue, reflecting the dynamic and competitive nature of the market. Additionally, Rush Street Interactive’s strategic focus on user experience and cross-sell capabilities has positioned it favorably within the online gaming market. The company remains optimistic about its growth trajectory, providing guidance for full-year 2025 revenue between $1.1 billion and $1.8 billion.
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