Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz Sells 1,500 Shares

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 1,500 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total value of $22,500.00. Following the completion of the transaction, the chief operating officer now owns 599,589 shares in the company, valued at approximately $8,993,835. This trade represents a 0.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Mattias Stetz also recently made the following trade(s):

• On Thursday, January 2nd, Mattias Stetz sold 17,542 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.04, for a total value of $246,289.68.
• On Monday, December 2nd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.50, for a total value of $362,500.00.
• On Wednesday, November 20th, Mattias Stetz sold 5,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.00, for a total transaction of $60,000.00.
• On Friday, November 15th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.02, for a total transaction of $220,400.00.

Rush Street Interactive Stock Up 2.4 %

Shares of NYSE:RSI traded up $0.35 during trading on Wednesday, hitting $15.15. 2,255,432 shares of the company traded hands, compared to its average volume of 1,914,881. The business’s fifty day moving average is $13.36 and its 200-day moving average is $11.16. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -757.50 and a beta of 1.88. Rush Street Interactive, Inc. has a one year low of $3.56 and a one year high of $15.68.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Rush Street Interactive during the third quarter valued at $44,000. Point72 DIFC Ltd bought a new stake in Rush Street Interactive in the 3rd quarter valued at about $70,000. New York State Teachers Retirement System lifted its position in Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after purchasing an additional 1,020 shares during the last quarter. Quarry LP boosted its stake in Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after purchasing an additional 1,200 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Rush Street Interactive in the 2nd quarter worth about $98,000. 24.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on RSI. Craig Hallum increased their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday. Needham & Company LLC boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rush Street Interactive has a consensus rating of “Moderate Buy” and a consensus target price of $13.67.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.