Key Points
- COO Mattias Stetz sold 20,000 Rush Street Interactive shares at an average price of $25.68, generating $513,600. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving him with 157,874 shares.
- Rush Street Interactive reported quarterly revenue of $393.78 million, up 46.3% year over year and above analyst expectations, while earnings per share matched estimates at $0.15.
- Wall Street remains broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $35.22, compared with a recent share price of $26.64.
Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 20,000 shares of the business's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $25.68, for a total transaction of $513,600.00. Following the completion of the sale, the chief operating officer owned 157,874 shares in the company, valued at $4,054,204.32. This represents a 11.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mattias Stetz also recently made the following trade(s):
- On Monday, August 3rd, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $28.03, for a total transaction of $560,600.00.
- On Wednesday, July 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $31.22, for a total transaction of $624,400.00.
Rush Street Interactive Stock Up 1.8%
Shares of RSI stock opened at $26.64 on Friday. The company has a market capitalization of $6.17 billion, a P/E ratio of 91.87 and a beta of 1.51. Rush Street Interactive, Inc. has a 12-month low of $15.51 and a 12-month high of $34.53. The firm has a 50-day moving average price of $28.90 and a 200 day moving average price of $25.73.
Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $393.78 million for the quarter, compared to analysts' expectations of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company's quarterly revenue was up 46.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, research analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Wells Fargo & Company lifted their price target on Rush Street Interactive from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Needham & Company LLC lifted their target price on Rush Street Interactive from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. Citizens Jmp boosted their target price on Rush Street Interactive from $33.00 to $34.00 and gave the stock a "market outperform" rating in a research report on Thursday, July 30th. Weiss Ratings lowered Rush Street Interactive from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $39.00 price target on shares of Rush Street Interactive in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $35.22.
View Our Latest Report on RSI
Institutional Investors Weigh In On Rush Street Interactive
A number of institutional investors and hedge funds have recently modified their holdings of RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company's stock valued at $484,000 after acquiring an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Rush Street Interactive by 18.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company's stock worth $7,394,000 after acquiring an additional 109,366 shares during the period. Prudential Financial Inc. bought a new stake in shares of Rush Street Interactive during the 2nd quarter valued at $166,000. Invesco Ltd. raised its position in shares of Rush Street Interactive by 377.1% during the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company's stock valued at $4,063,000 after acquiring an additional 215,538 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at $3,766,000. 24.78% of the stock is owned by institutional investors.
Rush Street Interactive Company Profile
(
Get Free Report)
Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.
The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
