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

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 30,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $17.09, for a total transaction of $512,700.00. Following the completion of the sale, the chief operating officer directly owned 194,806 shares in the company, valued at $3,329,234.54. This trade represents a 13.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, October 1st, Mattias Stetz sold 30,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.10, for a total transaction of $603,000.00.
• On Tuesday, September 2nd, Mattias Stetz sold 30,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $21.45, for a total transaction of $643,500.00.

Rush Street Interactive Stock Down 0.5%

NYSE:RSI opened at $16.54 on Friday. The firm has a market capitalization of $3.78 billion, a PE ratio of 66.14 and a beta of 1.86. Rush Street Interactive, Inc. has a 12-month low of $9.54 and a 12-month high of $22.65. The firm has a 50-day moving average price of $19.88 and a 200 day moving average price of $16.61.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The company had revenue of $277.91 million for the quarter, compared to the consensus estimate of $264.60 million. During the same period in the previous year, the business earned $0.05 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Rush Street Interactive has set its FY 2025 guidance at EPS. On average, research analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RSI. Weiss Ratings reissued a “hold (c)” rating on shares of Rush Street Interactive in a report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on Rush Street Interactive from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Needham & Company LLC increased their target price on Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Benchmark lifted their price target on Rush Street Interactive from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 8th. Finally, Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.75.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently modified their holdings of RSI. Pacer Advisors Inc. boosted its stake in Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock valued at $27,000 after acquiring an additional 1,232 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Rush Street Interactive in the 1st quarter valued at $33,000. Concord Wealth Partners acquired a new position in shares of Rush Street Interactive in the 3rd quarter valued at $41,000. Farther Finance Advisors LLC bought a new position in shares of Rush Street Interactive in the 2nd quarter worth $42,000. Finally, Osaic Holdings Inc. grew its stake in shares of Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares during the period. 24.78% of the stock is 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.