Rush Street Interactive COO Stetz sells $603k in shares

Published 01/10/2025, 23:14
Rush Street Interactive COO Stetz sells $603k in shares

Rush Street Interactive, Inc. NASDAQ:RSI Chief Operating Officer Mattias Stetz sold 30,000 shares of Class A Common Stock on October 1, 2025, for approximately $603,057. The sales were executed at prices ranging from $19.495 to $20.37 per share. The transaction comes as RSI shows remarkable strength, with InvestingPro data revealing a 95% return over the past year and a market capitalization of $4.6 billion.

According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a pre-arranged 10b5-1 trading plan established on August 16, 2024. Following the sale, Stetz directly owns 224,806 shares of Rush Street Interactive. The company maintains strong financial health, earning a "GREAT" rating from InvestingPro, with robust liquidity and cash flows exceeding debt obligations.

On September 29, Stetz also disposed of 6,245 shares of Class A Common Stock at a price of $21.72. This transaction, totaling $135,641, was to cover income tax obligations related to the vesting of restricted stock units and did not represent a sale by the reporting person.

After these transactions, Stetz directly owns 254,806 shares. Additionally, he indirectly owns 205,448 shares through his spouse.

In other recent news, Rush Street Interactive has seen a positive shift in analyst sentiment, with Benchmark raising its price target to $24, citing a strong start to the third quarter characterized by increased user growth and monetization. Additionally, Needham has also increased its price target for the company to $21, following better-than-expected second-quarter results and an upward revision of its full-year 2025 guidance. In leadership changes, Rush Street Interactive appointed Shubham Tyagi as Chief Technology Officer, bringing over 20 years of experience in technology leadership.

Meanwhile, Rogers Sugar announced a quarterly dividend of $0.09 per share, payable on October 15, 2025, to shareholders of record as of September 26, 2025. This dividend is classified as an eligible dividend for Canadian tax purposes. In other developments, JMP Securities reiterated its Market Outperform rating on PENN Entertainment, maintaining a price target of $25. The firm conducted an analysis comparing traditional sportsbooks with betting exchanges, tracking data points for NFL Week 3 games. These updates reflect ongoing activity and strategic moves within these companies.

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