Key Points
- COO Mattias Stetz sold 20,000 RSI shares at an average price of $19.87, generating approximately $397,400. His direct holdings fell 12.67% to 137,874 shares; the sale was executed under a pre-arranged Rule 10b5-1 plan.
- The transaction follows two earlier sales of 20,000 shares each in August and September, at average prices of $28.03 and $25.68, respectively.
- Rush Street Interactive reported quarterly revenue of $393.78 million, up 46.3% year over year and above analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $35.10.
Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $19.87, for a total value of $397,400.00. Following the completion of the sale, the chief operating officer directly owned 137,874 shares of the company's stock, valued at $2,739,556.38. The trade was a 12.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Mattias Stetz also recently made the following trade(s):
- On Tuesday, September 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $25.68, for a total value of $513,600.00.
- On Monday, August 3rd, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $28.03, for a total value of $560,600.00.
Rush Street Interactive Price Performance
Shares of Rush Street Interactive stock opened at $21.02 on Tuesday. The stock has a market capitalization of $4.87 billion, a price-to-earnings ratio of 72.50 and a beta of 1.71. The business has a 50-day moving average of $24.89 and a 200 day moving average of $26.28. Rush Street Interactive, Inc. has a 12 month low of $15.51 and a 12 month high of $34.53.
Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.15. The company had revenue of $393.78 million for the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business's revenue for the quarter 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. Equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.
Key Rush Street Interactive News
Here are the key news stories impacting Rush Street Interactive this week:
- Positive Sentiment: A Brazil-related clarification appears to have reassured investors and supported buying in Rush Street Interactive shares. The company’s stock was reported trading around $20.01 following the clarification. RSI stock trades at USD 20.01 after Brazil clarification
- Positive Sentiment: A market commentary article described RSI’s recent move higher and considered whether the stock remains a buy, reinforcing positive near-term investor sentiment. Rush Street Interactive Stock Price Up 7.4% - Still a Buy?
- Neutral Sentiment: CEO Richard Schwartz sold 158,332 shares at an average price of $19.88, reducing his direct holdings by roughly 32% across two reported transactions. The sales were conducted under a pre-arranged Rule 10b5-1 plan, which reduces the likelihood that they reflect a new view on the company’s outlook. SEC filing for CEO sales
- Negative Sentiment: CFO Kyle Sauers sold 23,000 shares for approximately $467,130, a 3.79% reduction in his position. Although also executed under a 10b5-1 plan, additional executive selling can create short-term supply and sentiment pressure. SEC filing for CFO sale
- Negative Sentiment: COO Mattias Stetz sold 20,000 shares for approximately $397,400, reducing his direct ownership by 12.67%. The transaction was likewise made under a pre-arranged trading plan. SEC filing for COO sale
Analyst Ratings Changes
RSI has been the subject of a number of analyst reports. Citizens Jmp reiterated a "market outperform" rating and set a $34.00 target price on shares of Rush Street Interactive in a research note on Tuesday, September 22nd. Susquehanna boosted their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the company a "positive" rating in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their target price on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Stifel Nicolaus initiated coverage on shares of Rush Street Interactive in a research report on Monday, September 21st. They issued a "buy" rating and a $34.00 price target for the company. Finally, Needham & Company LLC increased their price target on shares of Rush Street Interactive from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has an average rating of "Moderate Buy" and an average target price of $35.10.
Check Out Our Latest Analysis on Rush Street Interactive
Institutional Trading of Rush Street Interactive
Several hedge funds have recently made changes to their positions in RSI. Global Retirement Partners LLC purchased a new stake in shares of Rush Street Interactive in the second quarter valued at about $35,000. CoreCap Advisors LLC purchased a new position in Rush Street Interactive during the second quarter worth about $54,000. Allworth Financial LP acquired a new stake in Rush Street Interactive in the second quarter valued at about $57,000. Integrated Wealth Concepts LLC purchased a new stake in Rush Street Interactive in the 2nd quarter valued at approximately $70,000. Finally, Quantbot Technologies LP acquired a new position in Rush Street Interactive during the 2nd quarter worth approximately $98,000. Institutional investors and hedge funds own 24.78% of the company's stock.
About Rush Street Interactive
(
Get Free Report)
Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its consumer-facing brands include BetRivers and PlaySugarHouse, which offer online casino games, sports wagering, and related digital gaming services where permitted by local regulations.
The company serves customers in multiple regulated markets across the United States and Latin America. Its operations have included online sports betting and casino gaming in U.S.
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