Mattias Stetz Sells 17,542 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 17,542 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total transaction of $246,289.68. Following the completion of the sale, the chief operating officer now directly owns 532,942 shares in the company, valued at approximately $7,482,505.68. The trade was a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 value of $60,000.00.
• On Friday, November 15th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.02, for a total value of $220,400.00.

Rush Street Interactive Price Performance

RSI stock traded up $0.51 during trading on Friday, reaching $14.25. 1,592,737 shares of the stock traded hands, compared to its average volume of 2,006,019. The firm has a market capitalization of $3.22 billion, a PE ratio of -712.50 and a beta of 1.88. The business’s 50 day moving average price is $12.76 and its 200-day moving average price is $10.86. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $14.92.

Institutional Trading of Rush Street Interactive

Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rush Street Interactive in the third quarter valued at approximately $44,000. Point72 DIFC Ltd purchased a new position in shares of Rush Street Interactive in the 3rd quarter valued at $70,000. New York State Teachers Retirement System raised its stake in shares of 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 acquiring an additional 1,020 shares during the period. Quarry LP lifted its holdings in shares of 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 acquiring an additional 1,200 shares in the last quarter. Finally, CWM LLC boosted its position in Rush Street Interactive by 425.6% during the 3rd quarter. CWM LLC now owns 9,209 shares of the company’s stock worth $100,000 after purchasing an additional 7,457 shares during the period. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Craig Hallum boosted their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their target price on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. 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.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

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.