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 the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.73, for a total value of $293,250.00. Following the completion of the sale, the chief operating officer now directly owns 531,089 shares of the company’s stock, valued at approximately $6,229,673.97. The trade was a 4.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The stock was 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 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 value of $246,289.68.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock opened at $11.67 on Thursday. Rush Street Interactive, Inc. has a one year low of $5.22 and a one year high of $16.78. The stock has a market cap of $2.63 billion, a P/E ratio of -583.70 and a beta of 1.92. The stock’s fifty day moving average is $14.23 and its 200 day moving average is $12.34.

Analyst Ratings Changes

Several research analysts have commented on RSI shares. Jefferies Financial Group lifted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a 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. Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and set a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Macquarie restated an “outperform” rating and set a $16.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $15.50.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System raised its stake in shares of Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after acquiring an additional 1,020 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Rush Street Interactive by 0.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock valued at $3,572,000 after buying an additional 1,087 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Rush Street Interactive by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company’s stock valued at $594,000 after buying an additional 1,632 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Rush Street Interactive by 7.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after buying an additional 1,745 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Rush Street Interactive during the fourth quarter valued at $28,000. Institutional investors 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.