Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz Sells 5,001 Shares

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 5,001 shares of the stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $6.11, for a total value of $30,556.11. Following the transaction, the chief operating officer now owns 606,730 shares in the company, valued at $3,707,120.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, March 27th, Mattias Stetz sold 88,431 shares of Rush Street Interactive stock. The stock was sold at an average price of $6.42, for a total value of $567,727.02.
• On Tuesday, March 19th, Mattias Stetz sold 13,657 shares of Rush Street Interactive stock. The stock was sold at an average price of $5.83, for a total value of $79,620.31.

Rush Street Interactive Stock Performance

Shares of NYSE RSI opened at $5.98 on Friday. Rush Street Interactive, Inc. has a fifty-two week low of $2.85 and a fifty-two week high of $7.31. The business has a 50 day moving average price of $6.13 and a two-hundred day moving average price of $4.96.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. The firm had revenue of $193.85 million during the quarter, compared to analyst estimates of $181.50 million. As a group, sell-side analysts expect that Rush Street Interactive, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RSI. Vident Investment Advisory LLC bought a new position in Rush Street Interactive during the 4th quarter worth approximately $39,000. Boothbay Fund Management LLC bought a new position in Rush Street Interactive during the 2nd quarter worth approximately $41,000. Schonfeld Strategic Advisors LLC bought a new position in Rush Street Interactive during the 2nd quarter worth approximately $46,000. UBS Group AG lifted its holdings in Rush Street Interactive by 357.1% during the 4th quarter. UBS Group AG now owns 13,943 shares of the company’s stock worth $50,000 after buying an additional 10,893 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Rush Street Interactive during the 2nd quarter worth approximately $51,000. Institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RSI. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research report on Friday, March 8th. Wells Fargo & Company upped their price target on Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. Craig Hallum upgraded Rush Street Interactive from a “hold” rating to a “buy” rating and upped their price target for the stock from $7.00 to $8.00 in a research note on Friday. Susquehanna restated a “neutral” rating and set a $6.00 price target (up from $5.00) on shares of Rush Street Interactive in a research note on Monday, March 4th. Finally, Needham & Company LLC upped their price target on Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.50.

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.