Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz Sells 5,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 5,000 shares of Rush Street Interactive stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $12.00, for a total value of $60,000.00. Following the transaction, the chief operating officer now owns 575,484 shares of the company’s stock, valued at $6,905,808. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 value of $220,400.00.

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $12.21 on Thursday. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $12.46. The company’s 50-day moving average is $10.82 and its 200 day moving average is $9.79.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RSI. Oppenheimer lifted their target price on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Craig Hallum lifted their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC boosted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rush Street Interactive in the third quarter valued at $44,000. Point72 DIFC Ltd purchased a new stake in Rush Street Interactive in the 3rd quarter worth about $70,000. New York State Teachers Retirement System raised 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 valued at $75,000 after acquiring an additional 1,020 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Rush Street Interactive by 13,627.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after purchasing an additional 11,856 shares during the last quarter. Finally, Quarry LP boosted its position in Rush Street Interactive by 15.9% during the second quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the period. 24.78% of the stock is currently owned by hedge funds and other 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.