Rush Street Interactive (NYSE:RSI) COO Sells $560,600.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.03, for a total value of $560,600.00. Following the completion of the transaction, the chief operating officer directly owned 177,874 shares in the company, valued at approximately $4,985,808.22. The trade was a 10.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 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 value of $624,400.00.
• On Monday, June 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.63, for a total transaction of $512,600.00.

Rush Street Interactive Price Performance

NYSE:RSI opened at $24.90 on Friday. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 85.86 and a beta of 1.59. The firm’s fifty day moving average price is $29.88 and its 200 day moving average price is $24.58. Rush Street Interactive, Inc. has a 1-year low of $15.51 and a 1-year high of $34.53.

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

Wall Street Analyst Weigh In

RSI has been the topic of several recent analyst reports. New Street Research set a $35.00 target price on Rush Street Interactive in a research report on Thursday, July 23rd. Weiss Ratings upgraded Rush Street Interactive from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company increased their price objective on Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.22.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. Global Retirement Partners LLC acquired a new stake in shares of Rush Street Interactive in the second quarter valued at approximately $35,000. CoreCap Advisors LLC acquired a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $54,000. Kemnay Advisory Services Inc. purchased a new stake in Rush Street Interactive in the 4th quarter valued at approximately $47,000. Empowered Funds LLC purchased a new stake in Rush Street Interactive in the 4th quarter valued at approximately $55,000. Finally, Osaic Holdings Inc. grew its holdings in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after buying an additional 1,868 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

About Rush Street Interactive

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.