Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $360,000.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $14.40, for a total transaction of $360,000.00. Following the transaction, the chief operating officer now owns 561,089 shares in the company, valued at approximately $8,079,681.60. The trade was a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 value 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 Down 1.0 %

RSI stock opened at $14.77 on Thursday. The firm has a market cap of $3.33 billion, a PE ratio of -738.25 and a beta of 1.88. Rush Street Interactive, Inc. has a 1 year low of $5.22 and a 1 year high of $15.98. The company has a fifty day simple moving average of $14.15 and a 200 day simple moving average of $11.75.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Craig Hallum upped 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 note on Thursday, October 31st. Needham & Company LLC boosted 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. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Jefferies Financial Group boosted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. acquired a new position in shares of Rush Street Interactive during the 2nd quarter valued at about $539,000. AQR Capital Management LLC boosted its position in Rush Street Interactive by 98.1% during the second quarter. AQR Capital Management LLC now owns 219,857 shares of the company’s stock worth $2,108,000 after purchasing an additional 108,900 shares during the period. Millennium Management LLC grew its holdings in Rush Street Interactive by 378.4% during the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after purchasing an additional 490,831 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Rush Street Interactive by 25.6% in the second quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock valued at $275,000 after purchasing an additional 5,840 shares during the period. Finally, CWM LLC lifted its stake in shares of Rush Street Interactive by 425.6% in the third quarter. CWM LLC now owns 9,209 shares of the company’s stock worth $100,000 after buying an additional 7,457 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.