Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $360,000.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.40, for a total value of $360,000.00. Following the completion of the sale, the chief operating officer now owns 561,089 shares of the company’s stock, valued at $8,079,681.60. The trade was a 4.27 % decrease in their ownership of the stock. The transaction 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 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 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 stock was 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 shares were 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 stock was sold at an average price of $11.02, for a total value of $220,400.00.

Rush Street Interactive Trading Up 3.4 %

Shares of RSI traded up $0.49 during trading hours on Tuesday, hitting $14.93. The company had a trading volume of 5,647,429 shares, compared to its average volume of 1,846,469. Rush Street Interactive, Inc. has a one year low of $5.22 and a one year high of $15.98. The company’s fifty day moving average price is $14.13 and its two-hundred day moving average price is $11.69. The company has a market capitalization of $3.37 billion, a PE ratio of -746.65 and a beta of 1.88.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RSI shares. Needham & Company LLC upped 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. 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 research report on Thursday, October 31st. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, 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 report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and an average target price of $14.00.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently modified their holdings of RSI. R Squared Ltd purchased a new position in shares of Rush Street Interactive in the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive during the fourth quarter worth about $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rush Street Interactive during the third quarter valued at approximately $44,000. Point72 DIFC Ltd acquired a new position in Rush Street Interactive in the third quarter valued at approximately $70,000. Finally, New York State Teachers Retirement System boosted its position 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. 24.78% of the stock is currently owned by institutional investors.

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.