Mattias Stetz Sells 20,000 Shares of Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $25.68, for a total transaction of $513,600.00. Following the transaction, the chief operating officer directly owned 157,874 shares in the company, valued at $4,054,204.32. The trade was a 11.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 shares were 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 Down 0.6%

Shares of RSI stock opened at $26.60 on Friday. The stock has a market capitalization of $6.17 billion, a PE ratio of 91.73 and a beta of 1.51. Rush Street Interactive, Inc. has a 52-week low of $15.51 and a 52-week high of $34.53. The stock’s 50-day moving average price is $28.80 and its 200 day moving average price is $25.73.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The company had revenue of $393.78 million during the quarter, compared to analysts’ expectations of $367.75 million. During the same period last year, the firm earned $0.11 EPS. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. Analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RSI has been the subject of several recent analyst reports. Oppenheimer raised their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Wells Fargo & Company raised their target price on Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings cut shares of Rush Street Interactive from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, Citigroup reissued a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday, July 30th. One 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 stock. Based on data from MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.22.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of RSI. Jefferies Financial Group Inc. purchased a new position in Rush Street Interactive during the fourth quarter worth approximately $2,053,000. GSA Capital Partners LLP purchased a new position in shares of Rush Street Interactive in the 2nd quarter worth $1,996,000. Vanguard Group Inc. boosted its holdings in Rush Street Interactive by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after acquiring an additional 227,783 shares during the last quarter. UBS Group AG grew its position in Rush Street Interactive by 4.0% during the fourth quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock valued at $20,154,000 after acquiring an additional 40,232 shares during the period. Finally, William Blair Investment Management LLC increased its stake in Rush Street Interactive by 17.3% during the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after acquiring an additional 378,002 shares during the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Company Profile

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.