Mattias Stetz Sells 25,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) 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 dated Tuesday, July 1st. The stock was sold at an average price of $14.81, for a total transaction of $370,250.00. Following the transaction, the chief operating officer 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 value 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 value of $311,750.00.
• On Thursday, May 8th, Mattias Stetz sold 533 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.01, for a total value 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 value of $283,083.19.
• On Wednesday, April 23rd, Mattias Stetz sold 3,777 shares of Rush Street Interactive stock. The shares were 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 Performance

Rush Street Interactive stock traded down $0.47 on Friday, reaching $14.45. The company's stock had a trading volume of 721,910 shares, compared to its average volume of 1,764,417. The business's fifty day moving average price is $12.98 and its 200 day moving average price is $12.91. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 180.65 and a beta of 1.87. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Rush Street Interactive had a net margin of 0.87% and a return on equity of 7.35%. The business had revenue of $262.41 million for the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm's quarterly revenue was up 20.7% on a year-over-year basis. As a group, equities analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its position in 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 valued at $65,754,000 after buying an additional 5,776,660 shares during the last quarter. Nuveen LLC bought a new position in Rush Street Interactive in the first quarter valued at about $29,005,000. Price T Rowe Associates Inc. MD boosted its holdings in Rush Street Interactive by 7,958.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company's stock valued at $27,843,000 after acquiring an additional 2,004,059 shares during the last quarter. Topline Capital Management LLC acquired a new position in Rush Street Interactive during the 4th quarter valued at about $24,851,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter valued at $21,635,000. Institutional investors own 24.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Susquehanna upped their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. Wall Street Zen downgraded Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. started coverage on Rush Street Interactive in a report on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price for the company. Macquarie restated an "outperform" rating and set a $16.00 target price on shares of Rush Street Interactive in a research report on Friday, May 2nd. Finally, Jefferies Financial Group upped their price target on Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average 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.