Key Points
- Mattias Stetz, COO of Rush Street Interactive, sold 30,000 shares on Dec. 1 at an average price of $18.51 for $555,300, leaving him with 164,806 shares—a 15.4% reduction valued at roughly $3.05 million.
- The Dec. 1 sale continues a recent pattern of insider selling—Stetz also sold 30,000 shares on Nov. 3 (avg. $17.09) and 30,000 on Oct. 1 (avg. $20.10).
- Rush Street Interactive recently beat quarterly estimates with $0.09 EPS vs. $0.07 and revenue of $277.9M (up 19.7% YoY), and analysts hold a consensus "Moderate Buy" with an average price target of $20.75.
Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 30,000 shares of the firm's stock in a transaction on Monday, December 1st. The stock was sold at an average price of $18.51, for a total value of $555,300.00. Following the completion of the sale, the chief operating officer directly owned 164,806 shares of the company's stock, valued at approximately $3,050,559.06. This trade represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
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 stock was sold at an average price of $17.09, for a total value 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 transaction of $603,000.00.
Rush Street Interactive Trading Up 1.0%
NYSE RSI opened at $18.65 on Wednesday. Rush Street Interactive, Inc. has a 1-year low of $9.54 and a 1-year high of $22.65. The firm's fifty day simple moving average is $18.47 and its 200-day simple moving average is $17.39. The company has a market capitalization of $4.28 billion, a PE ratio of 74.60 and a beta of 1.65.
Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The firm had revenue of $277.91 million for the quarter, compared to the consensus estimate of $264.60 million. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The firm's revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 earnings per share. As a group, analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC lifted its position in shares of Rush Street Interactive by 41.5% during the 1st quarter. Jump Financial LLC now owns 300,400 shares of the company's stock worth $3,220,000 after buying an additional 88,155 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Rush Street Interactive during the second quarter valued at $361,000. Comerica Bank acquired a new stake in shares of Rush Street Interactive in the 1st quarter valued at $732,000. American Century Companies Inc. grew its holdings in shares of Rush Street Interactive by 29.5% in the 1st quarter. American Century Companies Inc. now owns 191,324 shares of the company's stock worth $2,051,000 after purchasing an additional 43,577 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of 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 purchasing an additional 245,126 shares in the last quarter. 24.78% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have commented on RSI. Needham & Company LLC increased their target price on shares of Rush Street Interactive from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Thursday, October 30th. Benchmark boosted their target price on shares of Rush Street Interactive from $20.00 to $24.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Zacks Research raised Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Rush Street Interactive in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.75.
Read Our Latest Report on RSI
About Rush Street Interactive
(
Get Free Report)
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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