Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $311,750.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 25,000 shares of the company’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $12.47, for a total value of $311,750.00. Following the transaction, the chief operating officer now directly 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 legal filing with the Securities & Exchange Commission, which is accessible 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%

Shares of NYSE RSI opened at $12.60 on Thursday. The firm has a market capitalization of $2.89 billion, a P/E ratio of -630.00 and a beta of 1.85. The stock’s 50-day simple moving average is $11.78 and its two-hundred day simple moving average is $12.84. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Susquehanna boosted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Thursday, May 1st. 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 note on Thursday, February 27th. Macquarie reiterated an “outperform” rating and set a $16.00 price objective on shares of Rush Street Interactive in a research note on Friday, May 2nd. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Benchmark boosted their price objective 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.63.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors have recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Rush Street Interactive by 5.4% during the 1st quarter. Arizona State Retirement System now owns 24,145 shares of the company’s stock valued at $259,000 after purchasing an additional 1,232 shares during the last quarter. Pacer Advisors Inc. increased 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 purchasing an additional 1,232 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 purchasing an additional 1,632 shares during the last quarter. R Squared Ltd bought a new position in shares of Rush Street Interactive during the 4th quarter valued at about $28,000. Finally, Tidal Investments LLC increased 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 purchasing an additional 2,280 shares during the last quarter. 24.78% of the stock is currently owned by 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.