Mattias Stetz Sells 5,001 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 5,001 shares of Rush Street Interactive stock in a transaction on Friday, April 19th. The shares were sold at an average price of $6.11, for a total transaction of $30,556.11. Following the transaction, the chief operating officer now owns 606,730 shares in the company, valued at approximately $3,707,120.30. The transaction 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 stock was sold at an average price of $6.42, for a total transaction 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 transaction of $79,620.31.

Rush Street Interactive Price Performance

Rush Street Interactive stock traded down $0.18 during mid-day trading on Friday, reaching $5.98. 1,270,759 shares of the company traded hands, 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 company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -22.13 and a beta of 1.71. The firm’s fifty day moving average is $6.13 and its two-hundred day moving average is $4.96.

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

Wall Street Analysts Forecast Growth

Several analysts have commented on RSI shares. Needham & Company LLC boosted their price target on shares of Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Craig Hallum upgraded shares of Rush Street Interactive from a “hold” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $8.00 in a report on Friday. Oppenheimer boosted their target price on shares of Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Finally, JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

Institutional Trading of Rush Street Interactive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. lifted its holdings in Rush Street Interactive by 8.9% during the second quarter. American International Group Inc. now owns 28,427 shares of the company’s stock valued at $133,000 after purchasing an additional 2,328 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Rush Street Interactive by 33.2% during the fourth quarter. SG Americas Securities LLC now owns 15,108 shares of the company’s stock valued at $68,000 after purchasing an additional 3,764 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Rush Street Interactive by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 422,753 shares of the company’s stock valued at $1,518,000 after purchasing an additional 3,891 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Rush Street Interactive by 13.1% during the third quarter. Price T Rowe Associates Inc. MD now owns 33,780 shares of the company’s stock valued at $125,000 after purchasing an additional 3,902 shares in the last quarter. Finally, State Street Corp lifted its holdings in Rush Street Interactive by 0.4% during the first quarter. State Street Corp now owns 1,021,087 shares of the company’s stock valued at $3,176,000 after purchasing an additional 4,018 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.