What the bad jobs report means for markets
Mattias Stetz, Chief Operating Officer of Rush Street Interactive, Inc. (NYSE:RSI), has recently sold 25,000 shares of Class A Common Stock. The shares were sold at an average price of $11.733, resulting in a total transaction value of $293,325. This sale was executed on March 3, 2025, as part of a pre-arranged 10b5-1 trading plan dated August 16, 2024. The transaction comes as RSI shows strong momentum, with the stock up over 120% in the past year despite recent volatility. According to InvestingPro analysis, RSI maintains robust financial health with more cash than debt on its balance sheet.
Following the transaction, Stetz retains direct ownership of 531,089 shares. Additionally, there are 205,448 shares indirectly owned by his spouse. The stock was sold in multiple transactions, with prices ranging from $11.666 to $12.00 per share. With a market capitalization of $2.67 billion and revenue growth of 33.7% in the last twelve months, RSI shows promising fundamentals. For deeper insights into RSI’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Rush Street Interactive reported its fourth-quarter 2024 earnings, surpassing Wall Street expectations with an earnings per share of $0.07 compared to the forecasted $0.05. The company also reported a revenue of $254.2 million, exceeding the anticipated $243.83 million, marking a 31% increase year-over-year. Analysts at Benchmark expressed optimism by raising their price target for Rush Street Interactive shares to $14, maintaining a Buy rating, following the announcement of a record-breaking quarter. The company ended the year with $229 million in unrestricted cash and no debt, highlighting its strong financial position.
Susquehanna analyst Joseph Stauff upgraded Rush Street Interactive’s stock from Neutral to Positive, setting a price target of $14.00, citing the company’s strategic value and potential upside from iCasino legalization in more states. The company’s full-year 2024 revenue reached $924.1 million, up 34% from the previous year, with a significant increase in adjusted EBITDA. Rush Street Interactive’s strong performance was driven by growth in both iCasino and sports betting sectors, supported by effective marketing strategies and expansion efforts.
The company’s focus on proprietary technology and innovative product features has strengthened its competitive position, particularly in North America and Latin America. Analysts have highlighted Rush Street’s operational agility and prudent capital management as key factors in navigating potential regulatory challenges, especially in the Colombian market. As the company continues to explore growth opportunities, it has set a revenue guidance range of $1,010 million to $1,080 million for 2025, with an expected midpoint growth of 13%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.