Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) COO Sells 20,000 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction dated 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 trade represents a 4.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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 stock was sold at an average price of $11.73, for a total value of $293,250.00.
• On Monday, February 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.40, for a total value of $360,000.00.
• On Tuesday, January 14th, Mattias Stetz sold 1,500 shares of Rush Street Interactive stock. The stock was sold at an average price of $15.00, for a total value of $22,500.00.

Rush Street Interactive Stock Performance

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RSI. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Macquarie restated an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Susquehanna raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Buy” and a consensus price target of $15.50.

Institutional Trading of Rush Street Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Rush Street Interactive in the third quarter worth $656,000. Legato Capital Management LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter worth about $1,897,000. Oppenheimer & Co. Inc. bought a new position in Rush Street Interactive in the 4th quarter worth about $337,000. Point72 Asset Management L.P. grew its position in Rush Street Interactive by 307.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 101,064 shares of the company’s stock valued at $1,097,000 after purchasing an additional 76,243 shares during the last quarter. Finally, State Street Corp increased its stake in Rush Street Interactive by 3.6% during the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock valued at $17,500,000 after purchasing an additional 55,697 shares in the last quarter. Hedge funds and other 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.