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

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

Rush Street Interactive Stock Down 2.8 %

Rush Street Interactive stock opened at $5.98 on Friday. The business has a 50 day moving average price of $6.13 and a two-hundred day moving average price of $4.96. Rush Street Interactive, Inc. has a 12 month low of $2.85 and a 12 month high of $7.31.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $193.85 million during the quarter, compared to analysts’ expectations of $181.50 million. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. Equities research analysts forecast that Rush Street Interactive, Inc. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently modified their holdings of the stock. Vident Investment Advisory LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $39,000. Boothbay Fund Management LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $41,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $46,000. UBS Group AG raised its holdings in shares of Rush Street Interactive by 357.1% in the 4th quarter. UBS Group AG now owns 13,943 shares of the company’s stock worth $50,000 after buying an additional 10,893 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $51,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RSI shares. Wells Fargo & Company boosted their price objective on Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Needham & Company LLC boosted their price objective on Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Susquehanna reissued a “neutral” rating and set a $6.00 price objective (up previously from $5.00) on shares of Rush Street Interactive in a research report on Monday, March 4th. Craig Hallum raised Rush Street Interactive from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $7.00 to $8.00 in a research report on Friday. Finally, Oppenheimer upped their price target on Rush Street Interactive from $7.00 to $9.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average target price of $7.50.

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.