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

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.73, for a total transaction of $293,250.00. Following the transaction, the chief operating officer now owns 531,089 shares in the company, valued at approximately $6,229,673.97. This trade represents a 4.50 % decrease in their position. 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 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 transaction 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 transaction 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.

Rush Street Interactive Trading Up 0.2 %

RSI stock traded up $0.03 during trading on Friday, hitting $10.56. The company had a trading volume of 2,277,790 shares, compared to its average volume of 2,213,452. The business has a 50 day moving average of $14.10 and a 200 day moving average of $12.35. Rush Street Interactive, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $16.78. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -527.75 and a beta of 1.92.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on RSI. JMP Securities reaffirmed a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. 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. Jefferies Financial Group lifted 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. Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Susquehanna upgraded shares of Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Rush Street Interactive currently has a consensus rating of "Buy" and an average target price of $15.50.

Institutional Investors Weigh In On Rush Street Interactive

Large investors have recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Rush Street Interactive during the fourth quarter worth approximately $28,000. Heck Capital Advisors LLC bought a new stake in shares of Rush Street Interactive during the fourth quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rush Street Interactive during the third quarter worth $44,000. WealthTrak Capital Management LLC bought a new stake in shares of Rush Street Interactive during the fourth quarter worth $71,000. Finally, Point72 DIFC Ltd bought a new position in Rush Street Interactive in the third quarter valued at about $70,000. 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.