Insider Selling: Rush Street Interactive (NYSE:RSI) COO Sells $603,000.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $20.10, for a total value of $603,000.00. Following the sale, the chief operating officer owned 224,806 shares in the company, valued at approximately $4,518,600.60. This represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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.
• On Friday, August 1st, Mattias Stetz sold 30,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.30, for a total transaction of $579,000.00.
• On Thursday, July 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $15.00, for a total transaction of $375,000.00.

Rush Street Interactive Price Performance

RSI opened at $19.25 on Friday. The firm has a market capitalization of $4.40 billion, a P/E ratio of 96.23 and a beta of 1.87. Rush Street Interactive, Inc. has a one year low of $9.54 and a one year high of $22.65. The company has a fifty day moving average price of $20.38 and a 200-day moving average price of $15.38.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%.The company had revenue of $269.22 million for the quarter, compared to the consensus estimate of $248.98 million. During the same quarter last year, the business posted $0.04 earnings per share. The firm’s revenue was up 22.2% compared to the same quarter last year. Rush Street Interactive has set its FY 2025 guidance at EPS. On average, analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in RSI. Pacer Advisors Inc. increased its holdings in shares of Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock worth $27,000 after buying an additional 1,232 shares during the period. Summit Securities Group LLC purchased a new position in Rush Street Interactive in the 1st quarter worth approximately $33,000. Farther Finance Advisors LLC purchased a new position in Rush Street Interactive in the 2nd quarter worth approximately $42,000. GAMMA Investing LLC lifted its position in Rush Street Interactive by 1,687.6% in the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company’s stock valued at $70,000 after purchasing an additional 6,143 shares during the last quarter. Finally, Osaic Holdings Inc. boosted 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 valued at $73,000 after purchasing an additional 1,868 shares during the period. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RSI. Susquehanna reiterated a “positive” rating and set a $19.00 target price (up from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Jefferies Financial Group lifted their price objective on shares of Rush Street Interactive from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Benchmark lifted their price target on Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, Needham & Company LLC increased their price objective on Rush Street Interactive from $17.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.33.

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.