Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz Sells 25,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.40, for a total transaction of $360,000.00. Following the completion of the transaction, the chief operating officer now directly 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 filing with the SEC, which is available at the SEC website.

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 shares were 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 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 Trading Up 3.4 %

Shares of RSI traded up $0.49 during mid-day trading on Tuesday, hitting $14.93. 5,647,429 shares of the company’s stock were exchanged, compared to its average volume of 1,846,469. The business’s 50 day moving average is $14.13 and its two-hundred day moving average is $11.69. The firm has a market capitalization of $3.37 billion, a P/E ratio of -746.65 and a beta of 1.88. Rush Street Interactive, Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $15.98.

Institutional Investors Weigh In On Rush Street Interactive

Large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC grew its holdings in shares of Rush Street Interactive by 11.1% in the 4th quarter. Los Angeles Capital Management LLC now owns 183,767 shares of the company’s stock worth $2,521,000 after acquiring an additional 18,335 shares during the period. Bank of New York Mellon Corp grew its holdings in Rush Street Interactive by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 213,320 shares of the company’s stock valued at $2,927,000 after purchasing an additional 16,958 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Rush Street Interactive in the fourth quarter valued at $436,000. Wealthspire Advisors LLC acquired a new position in shares of Rush Street Interactive during the 4th quarter worth $206,000. Finally, Ieq Capital LLC acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $616,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RSI shares. Craig Hallum lifted their price target 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. Jefferies Financial Group lifted their price target 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, January 15th. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Needham & Company LLC lifted their target price 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.