Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $246,289.68 in Stock

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

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 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 Price Performance

Shares of RSI opened at $14.25 on Monday. Rush Street Interactive, Inc. has a one year low of $3.56 and a one year high of $14.92. The company has a market cap of $3.22 billion, a PE ratio of -712.50 and a beta of 1.88. The stock has a 50-day moving average of $12.84 and a 200-day moving average of $10.91.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds have recently added to or reduced their stakes in the company. Millrace Asset Group Inc. bought a new position in shares of Rush Street Interactive in the 3rd quarter worth $2,135,000. Principal Financial Group Inc. lifted its stake in shares of Rush Street Interactive by 656.2% in the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after buying an additional 67,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Rush Street Interactive by 72.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock valued at $8,907,000 after buying an additional 344,276 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Rush Street Interactive during the second quarter worth about $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Rush Street Interactive in the 3rd quarter worth about $656,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RSI. Jefferies Financial Group lifted their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Craig Hallum lifted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC upped their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

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.