Mattias Stetz Sells 1,500 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total transaction of $22,500.00. Following the completion of the transaction, the chief operating officer now directly owns 599,589 shares in the company, valued at $8,993,835. This trade represents a 0.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 stock was 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 shares were sold at an average price of $11.02, for a total transaction of $220,400.00.

Rush Street Interactive Stock Up 2.4 %

NYSE:RSI opened at $15.15 on Thursday. Rush Street Interactive, Inc. has a 52 week low of $3.56 and a 52 week high of $15.68. The stock’s fifty day moving average is $13.36 and its two-hundred day moving average is $11.16. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of -757.50 and a beta of 1.88.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds have recently bought and sold shares of RSI. Driehaus Capital Management LLC purchased a new stake in Rush Street Interactive during the second quarter worth about $10,605,000. Marshall Wace LLP grew its holdings in shares of Rush Street Interactive by 185.5% in the second quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock valued at $9,416,000 after purchasing an additional 637,883 shares in the last quarter. Millennium Management LLC increased its stake in Rush Street Interactive by 378.4% during the 2nd quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock worth $5,951,000 after buying an additional 490,831 shares during the period. Renaissance Technologies LLC lifted its holdings in Rush Street Interactive by 47.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock worth $14,425,000 after buying an additional 482,872 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in Rush Street Interactive in the 3rd quarter valued at approximately $4,178,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

RSI has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Jefferies Financial Group raised their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Craig Hallum upped their price target on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.67.

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.