Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) COO Sells 25,000 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $14.40, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 561,089 shares in the company, valued at approximately $8,079,681.60. This represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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.
• 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 transaction 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 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 transaction 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 Stock Up 3.4 %

Rush Street Interactive stock opened at $14.93 on Wednesday. The stock has a 50-day simple moving average of $14.14 and a 200 day simple moving average of $11.73. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -746.65 and a beta of 1.88. Rush Street Interactive, Inc. has a 12-month low of $5.22 and a 12-month high of $15.98.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors have recently modified their holdings of RSI. R Squared Ltd bought a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in Rush Street Interactive during the 4th quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rush Street Interactive in the 3rd quarter valued at $44,000. Point72 DIFC Ltd acquired a new stake in shares of Rush Street Interactive in the 3rd quarter valued at $70,000. Finally, New York State Teachers Retirement System raised its position in shares of Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after acquiring an additional 1,020 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

RSI has been the subject of several analyst reports. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Craig Hallum lifted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, January 17th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and a consensus price target of $14.00.

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.