Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz Sells 25,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $15.00, for a total transaction of $375,000.00. Following the transaction, the chief operating officer directly owned 321,051 shares of the company's stock, valued at $4,815,765. The trade was a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 stock was 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 shares were 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 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 shares were 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 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 stock was sold at an average price of $12.00, for a total transaction of $14,676.00.

Rush Street Interactive Stock Down 3.2%

Shares of RSI traded down $0.47 during mid-day trading on Friday, hitting $14.45. 721,910 shares of the company traded hands, compared to its average volume of 1,766,315. Rush Street Interactive, Inc. has a 1-year low of $8.52 and a 1-year high of $16.78. The company has a market capitalization of $3.31 billion, a PE ratio of 180.65 and a beta of 1.87. The business has a 50 day moving average of $12.98 and a 200 day moving average of $12.91.

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 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 firm 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 posted $0.03 earnings per share. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, research analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Jefferies Financial Group boosted their target price on shares of Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday. 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. Susquehanna boosted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Thursday, May 1st. Wall Street Zen downgraded shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Saturday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Rush Street Interactive in a report on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $15.89.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently modified their holdings of the stock. Arizona State Retirement System boosted its position in Rush Street Interactive by 5.4% in the first quarter. Arizona State Retirement System now owns 24,145 shares of the company's stock valued at $259,000 after buying an additional 1,232 shares during the last quarter. Pacer Advisors Inc. boosted its position in Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock valued at $27,000 after buying an additional 1,232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Rush Street Interactive by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company's stock valued at $594,000 after buying an additional 1,632 shares during the last quarter. Tidal Investments LLC boosted its position in Rush Street Interactive by 6.3% in the fourth quarter. Tidal Investments LLC now owns 38,360 shares of the company's stock valued at $526,000 after buying an additional 2,280 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Rush Street Interactive by 2.4% in the fourth quarter. Rhumbline Advisers now owns 103,426 shares of the company's stock valued at $1,419,000 after buying an additional 2,457 shares during the last quarter. Institutional investors and hedge funds 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.