Insider Selling: Rush Street Interactive (NYSE:RSI) COO Sells 30,000 Shares of Stock

Key Points

• Mattias Stetz, COO of Rush Street Interactive, sold 30,000 shares of stock at an average price of $20.10, resulting in a total transaction of $603,000 and a decrease in his ownership by 11.77%.
• The stock has a market cap of $4.59 billion and is currently trading around $20.07, having a twelve-month range between $9.54 and $22.65.
• Recent earnings reports showed a revenue increase of 22.2% year-over-year, with a reported $0.11 EPS surpassing analyst estimates of $0.08.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 30,000 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $20.10, for a total transaction of $603,000.00. Following the completion of the sale, the chief operating officer owned 224,806 shares in the company, valued at $4,518,600.60. The trade was a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, September 2nd, Mattias Stetz sold 30,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $21.45, for a total transaction of $643,500.00.
• On Friday, August 1st, Mattias Stetz sold 30,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.30, for a total transaction of $579,000.00.
• 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.

Rush Street Interactive Price Performance

Rush Street Interactive stock traded down $0.41 during midday trading on Wednesday, reaching $20.07. The stock had a trading volume of 1,813,110 shares, compared to its average volume of 1,679,033. The firm's fifty day simple moving average is $20.10 and its two-hundred day simple moving average is $15.23. Rush Street Interactive, Inc. has a twelve month low of $9.54 and a twelve month high of $22.65. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of 100.34 and a beta of 1.90.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. The firm had revenue of $269.22 million during the quarter, compared to analyst estimates of $248.98 million. During the same quarter last year, the business posted $0.04 EPS. The company's revenue was up 22.2% on a year-over-year basis. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RSI shares. Benchmark raised their price objective on shares of Rush Street Interactive from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Monday, September 8th. Needham & Company LLC boosted their price objective on shares of Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Susquehanna reaffirmed a "positive" rating and set a $19.00 price objective (up from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. JPMorgan Chase & Co. began 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. Finally, Jefferies Financial Group boosted 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 report on Thursday, July 3rd. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.33.

Institutional Trading of Rush Street Interactive

Several large investors have recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Rush Street Interactive by 1.3% during the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company's stock worth $92,592,000 after buying an additional 80,471 shares during the period. Nuveen LLC bought a new stake in shares of Rush Street Interactive during the 1st quarter worth $29,005,000. William Blair Investment Management LLC raised its stake in Rush Street Interactive by 4.8% during the 2nd quarter. William Blair Investment Management LLC now owns 2,675,601 shares of the company's stock valued at $39,866,000 after purchasing an additional 121,992 shares during the last quarter. Driehaus Capital Management LLC raised its stake in Rush Street Interactive by 12.7% during the 1st quarter. Driehaus Capital Management LLC now owns 2,480,268 shares of the company's stock valued at $26,588,000 after purchasing an additional 279,751 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in Rush Street Interactive by 100.9% during the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company's stock valued at $35,353,000 after purchasing an additional 1,191,546 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

About Rush Street Interactive

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.

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