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

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $14.40, for a total transaction of $360,000.00. Following the completion of the transaction, the chief operating officer now owns 561,089 shares of the company’s stock, valued at $8,079,681.60. This trade represents a 4.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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.
• 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 transaction 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 transaction of $362,500.00.
• On Wednesday, November 20th, Mattias Stetz sold 5,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.00, for a total transaction 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 value of $220,400.00.

Rush Street Interactive Stock Down 2.7 %

Shares of RSI stock opened at $14.36 on Friday. The stock’s 50-day moving average price is $14.15 and its 200 day moving average price is $11.77. The stock has a market capitalization of $3.24 billion, a PE ratio of -717.75 and a beta of 1.88. Rush Street Interactive, Inc. has a 52-week low of $5.22 and a 52-week high of $15.98.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Rush Street Interactive in the 4th quarter worth $1,282,000. Arizona State Retirement System raised its holdings in Rush Street Interactive by 11.0% during the fourth quarter. Arizona State Retirement System now owns 22,913 shares of the company’s stock worth $314,000 after purchasing an additional 2,265 shares in the last quarter. Aigen Investment Management LP raised its holdings in Rush Street Interactive by 35.6% during the fourth quarter. Aigen Investment Management LP now owns 17,347 shares of the company’s stock worth $238,000 after purchasing an additional 4,553 shares in the last quarter. M&T Bank Corp acquired a new stake in Rush Street Interactive in the fourth quarter valued at about $415,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Rush Street Interactive by 18.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 879,563 shares of the company’s stock valued at $12,068,000 after purchasing an additional 137,701 shares in the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on 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 report on Monday, January 6th. Needham & Company LLC raised their price target on Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Craig Hallum boosted their price objective 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.