Rush Street Interactive (NYSE:RSI) COO Mattias Stetz Sells 30,000 Shares

Key Points

• Rush Street Interactive COO Mattias Stetz sold 30,000 shares on September 2nd at an average price of $21.45, reducing his total ownership by 10.31%.
• The company recently reported a quarterly revenue of $269.22 million, exceeding analysts' expectations and a 22.2% increase year-over-year.
• Institutional investors own 24.78% of Rush Street Interactive, with several firms such as Pacer Advisors greatly increasing their positions in recent months.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 30,000 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $21.45, for a total value of $643,500.00. Following the transaction, the chief operating officer directly owned 261,051 shares of the company's stock, valued at $5,599,543.95. The trade was a 10.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 value of $579,000.00.
• On Thursday, July 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $15.00, for a total value of $375,000.00.
• 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 value of $370,250.00.

Rush Street Interactive Stock Performance

Rush Street Interactive stock traded down $0.06 during midday trading on Wednesday, reaching $21.33. The stock had a trading volume of 2,264,668 shares, compared to its average volume of 1,391,481. Rush Street Interactive, Inc. has a twelve month low of $8.92 and a twelve month high of $22.55. The stock has a market capitalization of $4.87 billion, a PE ratio of 106.67 and a beta of 1.90. The stock's 50-day simple moving average is $17.58 and its 200 day simple moving average is $14.01.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued 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. The company had revenue of $269.22 million for the quarter, compared to analysts' expectations of $248.98 million. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%.The firm's quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. Rush Street Interactive has set its FY 2025 guidance at EPS. Equities analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group boosted their price objective on Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. started coverage on Rush Street Interactive in a research report on Monday, June 23rd. They set a "neutral" rating and a $14.00 target price on the stock. Zacks Research raised Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Wall Street Zen lowered Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Susquehanna restated a "positive" rating and issued a $19.00 target price (up from $15.00) on shares of Rush Street Interactive in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.89.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. Pacer Advisors Inc. lifted 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 worth $27,000 after purchasing an additional 1,232 shares during the period. Summit Securities Group LLC bought a new position in shares of Rush Street Interactive in the first quarter valued at $33,000. Heck Capital Advisors LLC bought a new position in shares of Rush Street Interactive in the fourth quarter valued at $34,000. Farther Finance Advisors LLC bought a new position in shares of Rush Street Interactive in the second quarter valued at $42,000. Finally, GAMMA Investing LLC increased its holdings in shares of Rush Street Interactive by 1,687.6% in the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock valued at $70,000 after buying an additional 6,143 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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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