Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $283,083.19 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 24,467 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $11.57, for a total value of $283,083.19. Following the sale, the chief operating officer now directly owns 396,584 shares in the company, valued at approximately $4,588,476.88. This represents a 5.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 transaction of $14,676.00.
• On Tuesday, April 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $10.84, for a total transaction of $216,800.00.
• On Monday, March 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.73, for a total value of $293,250.00.

Rush Street Interactive Trading Up 1.8 %

NYSE:RSI traded up $0.21 during mid-day trading on Monday, reaching $11.86. 1,674,316 shares of the stock were exchanged, compared to its average volume of 1,886,844. Rush Street Interactive, Inc. has a 1-year low of $7.91 and a 1-year high of $16.78. The firm has a market capitalization of $2.70 billion, a PE ratio of -593.00 and a beta of 1.88. The business has a fifty day moving average price of $11.24 and a 200 day moving average price of $12.67.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $262.41 million during the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The business's quarterly revenue was up 20.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 earnings per share. On average, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on RSI shares. Wells Fargo & Company boosted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Jefferies Financial Group boosted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. JMP Securities reissued a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Benchmark lifted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Finally, Macquarie reaffirmed an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Friday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.63.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds have recently modified their holdings of RSI. R Squared Ltd purchased a new position in Rush Street Interactive in the 4th quarter worth about $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $34,000. WealthTrak Capital Management LLC purchased a new stake in shares of Rush Street Interactive in the 4th quarter valued at approximately $71,000. GAMMA Investing LLC boosted its stake in Rush Street Interactive by 1,687.6% in the 1st quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock worth $70,000 after purchasing an additional 6,143 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in Rush Street Interactive during the 4th quarter worth approximately $95,000. 24.78% of the stock is owned by hedge funds and other 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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