Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $216,800.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $10.84, for a total value of $216,800.00. Following the transaction, the chief operating officer now directly owns 426,051 shares of the company’s stock, valued at approximately $4,618,392.84. This trade represents a 4.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.73, for a total value of $293,250.00.
• On Monday, February 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.40, for a total transaction of $360,000.00.
• On Tuesday, January 14th, Mattias Stetz sold 1,500 shares of Rush Street Interactive stock. The stock was sold at an average price of $15.00, for a total transaction of $22,500.00.

Rush Street Interactive Stock Down 5.4 %

Rush Street Interactive stock traded down $0.62 during midday trading on Thursday, hitting $10.75. 1,642,830 shares of the stock were exchanged, compared to its average volume of 1,880,625. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -537.55 and a beta of 1.92. The business’s 50-day moving average price is $12.77 and its 200-day moving average price is $12.53. Rush Street Interactive, Inc. has a 52-week low of $5.71 and a 52-week high of $16.78.

Analysts Set New Price Targets

A number of equities analysts recently commented on RSI shares. Wells Fargo & Company lifted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Benchmark boosted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Jefferies Financial Group raised their price target on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Susquehanna upgraded shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $15.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RSI. Intech Investment Management LLC bought a new stake in shares of Rush Street Interactive during the 3rd quarter valued at $192,000. Charles Schwab Investment Management Inc. increased its stake in Rush Street Interactive by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 741,862 shares of the company’s stock valued at $8,049,000 after acquiring an additional 154,785 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Rush Street Interactive in the 3rd quarter worth approximately $44,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Rush Street Interactive during the 3rd quarter valued at $656,000. Finally, Verition Fund Management LLC lifted its stake in shares of Rush Street Interactive by 65.1% in the 3rd quarter. Verition Fund Management LLC now owns 158,721 shares of the company’s stock valued at $1,722,000 after acquiring an additional 62,556 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

About Rush Street Interactive

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.