Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $216,800.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $10.84, for a total transaction of $216,800.00. Following the transaction, the chief operating officer now directly owns 426,051 shares of the company’s stock, valued at approximately $4,618,392.84. This represents a 4.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 transaction of $360,000.00.
• On Tuesday, January 14th, Mattias Stetz sold 1,500 shares of Rush Street Interactive stock. The shares were sold at an average price of $15.00, for a total value of $22,500.00.

Rush Street Interactive Stock Performance

RSI stock opened at $10.25 on Friday. The company has a market capitalization of $2.34 billion, a PE ratio of -512.35 and a beta of 1.90. Rush Street Interactive, Inc. has a one year low of $5.71 and a one year high of $16.78. The company’s 50 day moving average price is $12.62 and its two-hundred day moving average price is $12.54.

Wall Street Analyst Weigh In

RSI has been the topic of a number of research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $17.00 target price on shares of Rush Street Interactive in a research note on Thursday, February 27th. Macquarie restated an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. Benchmark lifted their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Wells Fargo & Company boosted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $15.50.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently made changes to their positions in RSI. Intech Investment Management LLC purchased a new stake in Rush Street Interactive during the third quarter valued at about $192,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Rush Street Interactive by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 741,862 shares of the company’s stock valued at $8,049,000 after acquiring an additional 154,785 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive during the 3rd quarter valued at about $44,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Rush Street Interactive during the 3rd quarter worth approximately $656,000. Finally, Verition Fund Management LLC increased its stake in Rush Street Interactive by 65.1% in the 3rd quarter. Verition Fund Management LLC now owns 158,721 shares of the company’s stock worth $1,722,000 after purchasing an additional 62,556 shares during the period. Institutional investors own 24.78% of the company’s stock.

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.