Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $216,800.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 20,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $10.84, for a total transaction of $216,800.00. Following the transaction, the chief operating officer now owns 426,051 shares in the company, valued at approximately $4,618,392.84. The trade was a 4.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 Price Performance

Shares of RSI traded down $0.04 on Tuesday, hitting $10.49. The company's stock had a trading volume of 1,662,758 shares, compared to its average volume of 1,885,599. The company has a 50 day moving average price of $12.40 and a 200 day moving average price of $12.54. Rush Street Interactive, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $16.78. The company has a market capitalization of $2.39 billion, a PE ratio of -524.40 and a beta of 1.90.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RSI. Jefferies Financial Group raised their price objective 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. Benchmark increased their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Susquehanna upgraded Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. 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 investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $15.50.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd bought a new position in shares of Rush Street Interactive in the fourth quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at about $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rush Street Interactive in the third quarter worth about $44,000. WealthTrak Capital Management LLC acquired a new position in shares of Rush Street Interactive during the fourth quarter worth approximately $71,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Rush Street Interactive during the third quarter valued at approximately $70,000. Institutional investors and hedge funds 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.