Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $579,000.00 in Stock

Key Points

• Rush Street Interactive's COO, Mattias Stetz, sold 30,000 shares at an average price of $19.30, resulting in a total transaction value of $579,000.
• This sale represents a 9.34% decrease in Stetz's ownership, leaving him with approximately 291,051 shares valued at around $5.6 million.
• The company's quarterly earnings reported on July 30th revealed $0.11 EPS, surpassing analyst expectations, with a revenue of $269.22 million, which was also above consensus estimates.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $19.30, for a total transaction of $579,000.00. Following the transaction, the chief operating officer owned 291,051 shares in the company, valued at approximately $5,617,284.30. This trade represents a 9.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 Tuesday, July 1st, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.81, for a total value of $370,250.00.
• On Monday, June 2nd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were 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.

Rush Street Interactive Price Performance

NYSE RSI traded down $0.68 on Tuesday, reaching $19.03. The company had a trading volume of 469,054 shares, compared to its average volume of 1,728,591. The firm has a market capitalization of $4.36 billion, a PE ratio of 95.13 and a beta of 1.90. Rush Street Interactive, Inc. has a 1 year low of $8.76 and a 1 year high of $20.32. The firm has a 50-day moving average of $14.55 and a 200-day moving average of $13.14.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%. The business had revenue of $269.22 million for the quarter, compared to analyst estimates of $248.98 million. During the same period in the prior year, the company posted $0.04 EPS. The business's revenue was up 22.2% compared to the same quarter last year. As a group, sell-side analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on RSI. Oppenheimer lifted their price target on Rush Street Interactive from $16.00 to $21.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Macquarie restated an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a report on Friday, May 2nd. Jefferies Financial Group upped their price objective on shares of Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Wall Street Zen raised shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 18th. Finally, Susquehanna reiterated a "positive" rating and set a $19.00 target price (up previously from $15.00) on shares of Rush Street Interactive in a report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Rush Street Interactive currently has an average rating of "Moderate Buy" and an average target price of $17.89.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Rush Street Interactive during the 4th quarter worth about $1,282,000. American Century Companies Inc. increased its position in Rush Street Interactive by 45.6% in the 4th quarter. American Century Companies Inc. now owns 147,747 shares of the company's stock worth $2,027,000 after buying an additional 46,293 shares during the period. Sei Investments Co. increased its position in shares of Rush Street Interactive by 59.2% during the fourth quarter. Sei Investments Co. now owns 333,425 shares of the company's stock valued at $4,575,000 after purchasing an additional 124,045 shares during the period. LPL Financial LLC bought a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $173,000. Finally, Vanguard Group Inc. boosted its stake in Rush Street Interactive by 14.0% in the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company's stock valued at $117,943,000 after buying an additional 1,056,583 shares in the last quarter. Institutional investors own 24.78% of the company's stock.

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.