Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $370,250.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $14.81, for a total value of $370,250.00. Following the sale, the chief operating officer directly owned 346,051 shares in the company, valued at approximately $5,125,015.31. The trade was a 6.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mattias Stetz also recently made the following trade(s):

• On Thursday, July 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00.
• On Monday, June 2nd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.47, for a total transaction of $311,750.00.
• On Thursday, May 8th, Mattias Stetz sold 533 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.01, for a total transaction of $6,401.33.
• On Thursday, May 1st, Mattias Stetz sold 24,467 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.57, for a total transaction of $283,083.19.
• On Wednesday, April 23rd, Mattias Stetz sold 3,777 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.08, for a total transaction of $45,626.16.
• On Wednesday, April 9th, Mattias Stetz sold 1,223 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.00, for a total transaction of $14,676.00.

Rush Street Interactive Stock Down 3.2%

Shares of NYSE:RSI traded down $0.47 on Friday, reaching $14.45. The company had a trading volume of 721,910 shares, compared to its average volume of 1,766,315. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78. The stock has a 50-day moving average price of $12.98 and a 200 day moving average price of $12.91. The stock has a market capitalization of $3.31 billion, a P/E ratio of 180.65 and a beta of 1.87.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. Rush Street Interactive had a return on equity of 7.35% and a net margin of 0.87%. The company had revenue of $262.41 million during the quarter, compared to analysts' expectations of $258.90 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The business's quarterly revenue was up 20.7% compared to the same quarter last year. On average, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in shares of Rush Street Interactive by 1,617.7% in the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company's stock worth $65,754,000 after acquiring an additional 5,776,660 shares in the last quarter. Nuveen LLC acquired a new position in shares of Rush Street Interactive in the 1st quarter worth approximately $29,005,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Rush Street Interactive by 7,958.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company's stock worth $27,843,000 after acquiring an additional 2,004,059 shares in the last quarter. Topline Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $24,851,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $21,635,000. 24.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RSI has been the topic of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Rush Street Interactive in a research report on Monday, June 23rd. They set a "neutral" rating and a $14.00 price objective on the stock. Wall Street Zen cut shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Needham & Company LLC reiterated a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, May 1st. Macquarie reiterated an "outperform" rating and set a $16.00 price objective on shares of Rush Street Interactive in a research report on Friday, May 2nd. Finally, Benchmark lifted their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.89.

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.