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 company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the sale, the chief operating officer owned 321,051 shares in the company, valued at $4,815,765. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, July 1st, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.81, for a total transaction of $370,250.00.
• 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 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 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 shares were sold at an average price of $12.00, for a total value of $14,676.00.

Rush Street Interactive Price Performance

RSI traded down $0.47 during trading on Thursday, reaching $14.45. The company had a trading volume of 721,910 shares, compared to its average volume of 1,764,417. The company has a market cap of $3.31 billion, a P/E ratio of 135.64 and a beta of 1.87. Rush Street Interactive, Inc. has a 12 month low of $8.52 and a 12 month high of $16.78. The business's fifty day moving average price is $12.89 and its 200 day moving average price is $12.90.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $262.41 million for the quarter, compared to the consensus estimate of $258.90 million. During the same period last year, the company earned $0.03 earnings per share. The firm's revenue was up 20.7% compared to the same quarter last year. As a group, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a report on Monday, June 9th. Needham & Company LLC reiterated a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday, May 1st. Susquehanna boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. initiated coverage on shares of Rush Street Interactive in a research note on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price for the company. Finally, Macquarie reiterated an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Rush Street Interactive presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.89.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds have recently modified their holdings of RSI. Goldman Sachs Group Inc. boosted its position in Rush Street Interactive by 18.8% during the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company's stock valued at $7,394,000 after purchasing an additional 109,366 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Rush Street Interactive by 9.0% during the 1st quarter. Voya Investment Management LLC now owns 45,003 shares of the company's stock worth $482,000 after purchasing an additional 3,727 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Rush Street Interactive by 4.6% in the 1st quarter. Rhumbline Advisers now owns 108,193 shares of the company's stock valued at $1,160,000 after buying an additional 4,767 shares during the last quarter. Strs Ohio acquired a new stake in shares of Rush Street Interactive in the 1st quarter valued at approximately $589,000. Finally, Caxton Associates LLP bought a new position in shares of Rush Street Interactive in the first quarter valued at $731,000. Institutional investors own 24.78% of the company's stock.

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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