Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz Sells 3,777 Shares

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 3,777 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $12.08, for a total transaction of $45,626.16. Following the transaction, the chief operating officer now directly owns 421,051 shares of the company’s stock, valued at $5,086,296.08. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, April 9th, Mattias Stetz sold 1,223 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.00, for a total value of $14,676.00.
• On Tuesday, April 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $10.84, for a total transaction of $216,800.00.
• On Monday, March 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.73, for a total transaction of $293,250.00.
• On Monday, February 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.40, for a total value of $360,000.00.

Rush Street Interactive Stock Performance

Shares of NYSE RSI opened at $12.26 on Friday. The company has a 50 day simple moving average of $11.46 and a two-hundred day simple moving average of $12.62. Rush Street Interactive, Inc. has a fifty-two week low of $5.87 and a fifty-two week high of $16.78. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of -613.00 and a beta of 1.90.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RSI. Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Benchmark increased their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Rush Street Interactive in a research note on Thursday, February 27th. 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, Wells Fargo & Company raised their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Buy” and a consensus price target of $15.50.

Institutional Trading of Rush Street Interactive

Institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in Rush Street Interactive during the 4th quarter valued at about $28,000. Heck Capital Advisors LLC bought a new position in Rush Street Interactive during the fourth quarter valued at approximately $34,000. WealthTrak Capital Management LLC purchased a new stake in Rush Street Interactive in the fourth quarter worth approximately $71,000. GAMMA Investing LLC grew its position in Rush Street Interactive by 1,687.6% in the 1st quarter. GAMMA Investing LLC now owns 6,507 shares of the company’s stock worth $70,000 after purchasing an additional 6,143 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Rush Street Interactive during the 4th quarter valued at $95,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

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.