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

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.73, for a total transaction of $293,250.00. Following the sale, the chief operating officer now directly owns 531,089 shares in the company, valued at $6,229,673.97. This trade represents a 4.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 transaction of $360,000.00.
• 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 transaction of $22,500.00.
• On Thursday, January 2nd, Mattias Stetz sold 17,542 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.04, for a total transaction of $246,289.68.

Rush Street Interactive Trading Up 3.4 %

Shares of RSI opened at $11.67 on Thursday. The business’s 50-day moving average price is $14.23 and its 200 day moving average price is $12.34. The stock has a market capitalization of $2.63 billion, a P/E ratio of -583.70 and a beta of 1.92. Rush Street Interactive, Inc. has a 1-year low of $5.22 and a 1-year high of $16.78.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently made changes to their positions in RSI. Vanguard Group Inc. lifted its holdings in Rush Street Interactive by 14.0% in the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock worth $117,943,000 after purchasing an additional 1,056,583 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Rush Street Interactive by 62.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company’s stock worth $36,540,000 after purchasing an additional 1,018,889 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in shares of Rush Street Interactive by 56.6% during the fourth quarter. Driehaus Capital Management LLC now owns 2,200,517 shares of the company’s stock valued at $30,191,000 after acquiring an additional 795,719 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Rush Street Interactive by 7,958.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock valued at $27,843,000 after acquiring an additional 2,004,059 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Rush Street Interactive by 43.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company’s stock valued at $26,924,000 after buying an additional 598,300 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

RSI has been the subject of several research analyst reports. Susquehanna raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Jefferies Financial Group boosted their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Benchmark boosted their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company lifted 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 analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Buy” and a consensus price target of $15.50.

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.