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 business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $6.11, for a total value of $30,556.11. Following the completion of the sale, the chief operating officer now directly owns 606,730 shares of the company’s stock, valued at approximately $3,707,120.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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 shares were 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 Down 2.8 %

Shares of RSI stock traded down $0.18 during trading hours on Friday, reaching $5.98. 1,270,759 shares of the company’s stock were exchanged, compared to its average volume of 1,213,334. Rush Street Interactive, Inc. has a fifty-two week low of $2.85 and a fifty-two week high of $7.31. The stock has a market capitalization of $1.33 billion, a P/E ratio of -22.13 and a beta of 1.71. The business has a fifty day moving average price of $6.13 and a 200-day moving average price of $4.96.

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

Analyst Ratings Changes

A number of brokerages have issued reports on RSI. Susquehanna reaffirmed a “neutral” rating and set a $6.00 target price (up previously from $5.00) on shares of Rush Street Interactive in a research report on Monday, March 4th. Wells Fargo & Company upped their target price on Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Craig Hallum raised Rush Street Interactive from a “hold” rating to a “buy” rating and upped their target price for the stock from $7.00 to $8.00 in a research report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Friday, March 8th. Finally, Oppenheimer upped their target price on Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average price target of $7.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. PEAK6 Investments LLC raised its stake in shares of Rush Street Interactive by 387.2% in the third quarter. PEAK6 Investments LLC now owns 309,765 shares of the company’s stock valued at $1,431,000 after purchasing an additional 246,189 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Rush Street Interactive by 32.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,836,077 shares of the company’s stock worth $8,483,000 after acquiring an additional 451,171 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Rush Street Interactive by 23.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 356,323 shares of the company’s stock worth $1,600,000 after purchasing an additional 68,255 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Rush Street Interactive during the third quarter worth $492,000. Finally, EAM Investors LLC bought a new stake in shares of Rush Street Interactive during the third quarter worth $997,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.