Rush Street Interactive COO Mattias Stetz sells $14,676 in stock

Published 10/04/2025, 23:04
Rush Street Interactive COO Mattias Stetz sells $14,676 in stock

In a recent transaction, Mattias Stetz, the Chief Operating Officer of Rush Street Interactive, Inc. (NYSE:RSI), sold 1,223 shares of the company's Class A Common Stock. The company, currently valued at $2.58 billion, has seen its stock surge 66% over the past year despite notable price volatility, according to InvestingPro data. The shares were sold at a price of $12.00 each, totaling $14,676. Following this sale, Stetz holds 424,828 shares directly.

This transaction was conducted as part of a pre-arranged trading plan under Rule 10b5-1, which was established on August 16, 2024. Additionally, Stetz indirectly holds 205,448 shares through his spouse.

In other recent news, Rush Street Interactive has reported its fourth-quarter 2024 earnings, exceeding Wall Street expectations with an earnings per share of $0.07, compared to the forecasted $0.05. The company also surpassed revenue predictions, reporting $254.2 million against an anticipated $243.83 million. This strong performance follows the company's announcement of a record-breaking quarter, with revenue and adjusted EBITDA both exceeding consensus estimates. Analysts from Benchmark have responded by raising their price target for Rush Street Interactive shares to $14, maintaining a Buy rating due to the company's effective marketing strategies and expansion in iCasino operations.

Furthermore, Susquehanna analyst Joseph Stauff has upgraded Rush Street Interactive's stock from Neutral to Positive, citing the company's strategic value and growth potential in North America. Stauff noted the company's strong position in Delaware and potential growth from iCasino legalization in states like Maryland. Despite potential regulatory challenges, particularly in Colombia, Rush Street Interactive's operational agility and strategic initiatives are expected to provide a buffer against possible obstacles. The company's focus on proprietary technology and innovative product features continues to strengthen its competitive position.

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