Mattias Stetz Sells 11,175 Shares of Rush Street Interactive (NYSE:RSI) Stock

Key Points

• Mattias Stetz sold 11,175 shares on May 6 at an average price of $24.96, cutting his stake to 237,874 shares (a 4.49% reduction) and forming part of roughly 85,675 shares he sold across May 5–6.
• Large insider selling and a 10 million‑share secondary offering (including big dispositions by the chairman and CEO) coincided with a $100 million repurchase program, and the stock dropped about 4.6% on heavy volume amid the activity.
• Company fundamentals remain strong: Rush Street Interactive beat Q1 estimates (EPS $0.14 vs $0.12; revenue $370.4M, up 41% YoY) and analysts have raised price targets, leaving a consensus "Moderate Buy" with an average target near $28.63.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 11,175 shares of the firm's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $278,928.00. Following the completion of the transaction, the chief operating officer directly owned 237,874 shares in the company, valued at $5,937,335.04. This represents a 4.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, May 5th, Mattias Stetz sold 74,500 shares of Rush Street Interactive stock. The stock was sold at an average price of $24.96, for a total value of $1,859,520.00.
• On Friday, May 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $28.09, for a total transaction of $561,800.00.
• On Wednesday, April 29th, Mattias Stetz sold 50,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $27.44, for a total transaction of $1,372,000.00.
• On Monday, April 27th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $24.06, for a total transaction of $481,200.00.
• On Wednesday, April 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $22.07, for a total transaction of $441,400.00.
• On Tuesday, March 24th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $22.02, for a total transaction of $440,400.00.
• On Wednesday, March 4th, Mattias Stetz sold 11,892 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.22, for a total transaction of $240,456.24.
• On Wednesday, March 4th, Mattias Stetz sold 3,398 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.22, for a total transaction of $68,707.56.
• On Tuesday, March 3rd, Mattias Stetz sold 29,725 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.07, for a total transaction of $596,580.75.
• On Tuesday, March 3rd, Mattias Stetz sold 8,493 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.07, for a total transaction of $170,454.51.

Rush Street Interactive Trading Down 4.6%

Rush Street Interactive stock traded down $1.34 during midday trading on Wednesday, reaching $27.83. 9,694,094 shares of the stock traded hands, compared to its average volume of 2,058,207. Rush Street Interactive, Inc. has a fifty-two week low of $11.50 and a fifty-two week high of $29.24. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 89.79 and a beta of 1.65. The firm has a fifty day moving average price of $21.88 and a two-hundred day moving average price of $19.52.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The company had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive's revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.09 EPS. Analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently bought and sold shares of RSI. Ameriprise Financial Inc. boosted its position in Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company's stock valued at $57,815,000 after purchasing an additional 2,496,109 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Rush Street Interactive by 247.3% in the third quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company's stock worth $27,229,000 after buying an additional 946,673 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Rush Street Interactive by 47.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company's stock worth $43,562,000 after buying an additional 683,486 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Rush Street Interactive by 76.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company's stock worth $26,065,000 after buying an additional 580,568 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Rush Street Interactive in the fourth quarter worth about $10,972,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Rush Street Interactive from $26.00 to $29.00 and gave the company an "overweight" rating in a report on Wednesday, April 29th. Freedom Capital upgraded Rush Street Interactive to a "strong-buy" rating in a report on Wednesday, March 11th. Oppenheimer lifted their price target on Rush Street Interactive from $25.00 to $30.00 and gave the company an "outperform" rating in a report on Wednesday, April 29th. Citigroup reiterated an "outperform" rating on shares of Rush Street Interactive in a report on Wednesday, April 29th. Finally, Benchmark lifted their price target on Rush Street Interactive from $24.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of "Moderate Buy" and an average price target of $28.63.

Key Stories Impacting Rush Street Interactive

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Board approves $100 million share repurchase program and the company announced a concurrent repurchase alongside the secondary offering — this reduces net float pressure and signals capital return. Read More.
• Neutral Sentiment: CFO Kyle Sauers sold 23,000 shares under a pre‑arranged Rule 10b5‑1 trading plan (avg $28.39) — a planned sale that is less informative about management’s private view of the stock. Read More.
• Negative Sentiment: Selling stockholders (trusts beneficially owned by Chairman Neil Bluhm, CEO Richard Schwartz and COO Mattias Stetz) launched an underwritten secondary offering of 10,000,000 Class A shares — this increases available supply and created selling pressure. Read More.
• Negative Sentiment: Chairman Neil Bluhm sold 1,371,150 shares at ~$24.96 (~$34.2M) in filings — large insider disposition from an insider trust likely amplified downward price movement. Read More.
• Negative Sentiment: CEO Richard Todd Schwartz sold 816,500 shares across May 5–6 at ~$24.96 (totaling ~ $20.4M) — significant insider sales from the CEO increase perception of near‑term supply. Read More.
• Negative Sentiment: COO Mattias Stetz sold ~85,675 shares across May 5–6 at ~$24.96 (~$2.14M) reducing his stake materially — more insider selling from senior management. Read More.

Rush Street Interactive Company Profile

Rush Street Interactive NYSE: RSI is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.

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