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 Rush Street Interactive stock in a transaction on Monday, December 1st. The stock was sold at an average price of $18.51, for a total transaction of $555,300.00. Following the transaction, the chief operating officer directly owned 164,806 shares of the company’s stock, valued at $3,050,559.06. This represents a 15.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 3rd, Mattias Stetz sold 30,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $17.09, for a total transaction of $512,700.00.
• On Wednesday, October 1st, Mattias Stetz sold 30,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $20.10, for a total value of $603,000.00.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI traded up $0.19 during midday trading on Tuesday, reaching $18.65. The company’s stock had a trading volume of 1,203,661 shares, compared to its average volume of 1,646,058. Rush Street Interactive, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $22.65. The firm has a 50 day moving average price of $18.54 and a two-hundred day moving average price of $17.35. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of 74.60 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $277.91 million for the quarter, compared to analyst estimates of $264.60 million. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The company’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently added to or reduced their stakes in RSI. Jump Financial LLC boosted its position in shares of Rush Street Interactive by 41.5% during the first quarter. Jump Financial LLC now owns 300,400 shares of the company’s stock valued at $3,220,000 after buying an additional 88,155 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Rush Street Interactive in the 2nd quarter valued at $361,000. Comerica Bank bought a new position in Rush Street Interactive during the 1st quarter valued at $732,000. American Century Companies Inc. boosted its holdings in Rush Street Interactive by 29.5% during the 1st quarter. American Century Companies Inc. now owns 191,324 shares of the company’s stock worth $2,051,000 after acquiring an additional 43,577 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in Rush Street Interactive by 106.1% during the 1st quarter. Cubist Systematic Strategies LLC now owns 476,210 shares of the company’s stock worth $5,105,000 after acquiring an additional 245,126 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RSI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rush Street Interactive in a research note on Wednesday, October 8th. Wall Street Zen downgraded Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Needham & Company LLC upped their price target on Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Benchmark increased their price target on Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Finally, Oppenheimer restated an “outperform” rating and set a $24.00 price objective on shares of Rush Street Interactive in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.75.

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.