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Chicago-based Rush Street Interactive, Inc. (NYSE:RSI), currently valued at $1.33 billion, announced that its Chief Operating Officer, Mattias Stetz, has sold shares totaling $435,112. The transactions took place over two consecutive days, with Stetz selling 25,000 shares on February 3rd at a weighted average price of $14.4028, and an additional 5,000 shares on February 4th at a weighted average price of $15.0085. The sales occurred near RSI’s 52-week high of $15.98, amid the stock’s impressive 176% gain over the past year. These sales were conducted under a 10b5-1 plan established in August 2024. Following these transactions, Stetz holds 556,089 shares directly. Additionally, Stetz’s spouse holds 205,448 shares indirectly. According to InvestingPro analysis, RSI shows signs of being slightly undervalued based on its Fair Value estimate, with 14+ additional real-time insights available to subscribers, including detailed insider trading analysis and comprehensive valuation metrics.
In other recent news, Rush Street Interactive has announced the planned departure of its Chief Information Officer, Einar Roosileht, no later than December 31, 2025. The company has initiated a comprehensive search for Mr. Roosileht’s replacement, with no interim CIO or potential candidates disclosed yet. The terms of the separation include Mr. Roosileht’s current compensation, a prorated annual bonus, and vesting of his restricted stock units and stock options until the end of 2025.
In other developments, Needham analysts have reiterated a Buy rating on Rush Street Interactive, increasing their price target from $15 to $17. This decision follows discussions with the company’s executives at the Needham Growth Conference. The company’s relative insulation from online sports betting headwinds and broader geographic diversification were cited as factors providing stability for this quarter’s performance.
Rush Street Interactive’s optimistic outlook on the iGaming regulatory environment was also highlighted, as the company expects to benefit significantly from potential legislative changes. These recent developments underscore the company’s strategic positioning and potential growth in the evolving market landscape.
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