Mattias Stetz Sells 20,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.02, for a total transaction of $220,400.00. Following the completion of the sale, the chief operating officer now owns 580,484 shares in the company, valued at $6,396,933.68. This represents a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $12.21 on Thursday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of -610.50 and a beta of 1.78. Rush Street Interactive, Inc. has a 52 week low of $3.56 and a 52 week high of $12.46. The firm’s 50-day simple moving average is $10.82 and its two-hundred day simple moving average is $9.79.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RSI. Oppenheimer lifted their target price on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price objective on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum boosted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC upped their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two investment 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, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average target price of $12.43.

Institutional Trading of Rush Street Interactive

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive during the 3rd quarter worth about $44,000. Point72 DIFC Ltd bought a new stake in Rush Street Interactive during the 3rd quarter worth approximately $70,000. New York State Teachers Retirement System lifted its stake in Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP boosted its holdings in Rush Street Interactive by 15.9% in the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after purchasing an additional 1,200 shares during the period. Finally, CWM LLC grew its position in shares of Rush Street Interactive by 425.6% during the 3rd quarter. CWM LLC now owns 9,209 shares of the company’s stock valued at $100,000 after purchasing an additional 7,457 shares in the last quarter. 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.