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

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 1,500 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were 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 owns 599,589 shares in the company, valued at approximately $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 SEC, which can be accessed through this link.

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 stock was sold at an average price of $14.04, for a total transaction of $246,289.68.
• On Monday, December 2nd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were 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 Performance

Shares of NYSE:RSI traded up $0.35 during midday trading on Wednesday, hitting $15.15. 2,255,432 shares of the company’s stock traded hands, compared to its average volume of 1,914,881. Rush Street Interactive, Inc. has a twelve month low of $3.56 and a twelve month high of $15.68. The company has a market cap of $3.42 billion, a PE ratio of -757.50 and a beta of 1.88. The firm’s fifty day moving average price is $13.36 and its two-hundred day moving average price is $11.16.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RSI. Driehaus Capital Management LLC acquired a new stake in shares of Rush Street Interactive in the second quarter valued at about $10,605,000. Marshall Wace LLP grew its position in 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 acquiring an additional 637,883 shares in the last quarter. Millennium Management LLC raised its stake in shares of Rush Street Interactive by 378.4% during the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after purchasing an additional 490,831 shares during the period. Renaissance Technologies LLC lifted its position in shares of Rush Street Interactive by 47.3% during the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock worth $14,425,000 after purchasing an additional 482,872 shares in the last quarter. Finally, Caprock Group LLC purchased a new position in shares of Rush Street Interactive in the third quarter valued at $4,178,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.