Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 88,431 shares of Rush Street Interactive stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $6.42, for a total value of $567,727.02. Following the transaction, the chief operating officer now directly owns 603,614 shares in the company, valued at approximately $3,875,201.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Mattias Stetz also recently made the following trade(s):
- 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 Stock Performance
NYSE RSI opened at $6.51 on Friday. Rush Street Interactive, Inc. has a fifty-two week low of $2.77 and a fifty-two week high of $7.31. The stock's 50-day moving average is $5.75 and its two-hundred day moving average is $4.77.
Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. The business had revenue of $193.85 million for the quarter, compared to the consensus estimate of $181.50 million. On average, equities research analysts expect that Rush Street Interactive, Inc. will post -0.22 EPS for the current fiscal year.
Hedge Funds Weigh In On Rush Street Interactive
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A number of institutional investors have recently modified their holdings of RSI. Vident Investment Advisory LLC bought a new position in Rush Street Interactive in the 4th quarter worth approximately $39,000. Boothbay Fund Management LLC bought a new stake in Rush Street Interactive in the second quarter valued at about $41,000. Schonfeld Strategic Advisors LLC acquired a new position in Rush Street Interactive in the second quarter worth about $46,000. UBS Group AG lifted its stake in Rush Street Interactive by 357.1% during the fourth quarter. UBS Group AG now owns 13,943 shares of the company's stock worth $50,000 after purchasing an additional 10,893 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Rush Street Interactive during the second quarter valued at approximately $51,000. Institutional investors own 24.78% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $6.00 to $8.00 and gave the company a "buy" rating in a research note on Thursday, March 7th. Oppenheimer lifted their price objective on Rush Street Interactive from $7.00 to $9.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. Wells Fargo & Company raised their price target on Rush Street Interactive from $7.00 to $8.00 and gave the stock an "overweight" rating in a research note on Thursday, March 7th. Susquehanna reissued a "neutral" rating and issued a $6.00 price target (up previously from $5.00) on shares of Rush Street Interactive in a research note on Monday, March 4th. Finally, JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a report on Friday, March 8th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $7.40.
Check Out Our Latest Stock Report on Rush Street Interactive
About Rush Street Interactive
(
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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.
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