Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $22,500.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 1,500 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total transaction of $22,500.00. Following the transaction, the chief operating officer now owns 599,589 shares of the company’s stock, valued at $8,993,835. This trade represents a 0.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were 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 stock was 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 shares were sold at an average price of $12.00, for a total value 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 Performance

Shares of Rush Street Interactive stock opened at $15.02 on Friday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of -751.20 and a beta of 1.88. The company has a fifty day moving average of $13.61 and a 200-day moving average of $11.25. Rush Street Interactive, Inc. has a 52-week low of $4.45 and a 52-week high of $15.68.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in RSI. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Rush Street Interactive in the third quarter worth about $44,000. Point72 DIFC Ltd bought a new position in Rush Street Interactive during the 3rd quarter worth approximately $70,000. New York State Teachers Retirement System increased its stake 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 worth $75,000 after purchasing an additional 1,020 shares during the period. Quarry LP lifted its position in Rush Street Interactive by 15.9% in the second 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 last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Rush Street Interactive during the second quarter valued at approximately $98,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.