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

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 25,000 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $12.47, for a total transaction of $311,750.00. Following the completion of the sale, the chief operating officer now owns 371,051 shares in the company, valued at $4,627,005.97. This represents a 6.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• 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 shares were sold at an average price of $12.08, for a total value 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.
• On Tuesday, April 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $10.84, for a total value of $216,800.00.

Rush Street Interactive Stock Up 0.1%

NYSE RSI opened at $12.60 on Thursday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -630.00 and a beta of 1.85. Rush Street Interactive, Inc. has a 52 week low of $8.52 and a 52 week high of $16.78. The business has a 50 day moving average price of $11.78 and a 200-day moving average price of $12.84.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The firm had revenue of $262.41 million during the quarter, compared to the consensus estimate of $258.90 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. 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 worth $259,000 after purchasing an additional 1,232 shares during the last quarter. Pacer Advisors Inc. lifted its position in shares of Rush Street Interactive by 94.7% during the 1st 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. lifted its position in shares of Rush Street Interactive by 3.9% during the 4th 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. R Squared Ltd purchased a new position in shares of Rush Street Interactive during the 4th quarter valued at $28,000. Finally, Tidal Investments LLC lifted its position in shares of Rush Street Interactive by 6.3% during the 4th 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. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on RSI. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, May 1st. Wells Fargo & Company increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Susquehanna raised their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a “positive” rating in a report on Thursday, May 1st. Macquarie reiterated an “outperform” rating and set a $16.00 price objective on shares of Rush Street Interactive in a research report on Friday, May 2nd. Finally, Benchmark raised their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.63.

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.