Mattias Stetz Sells 17,542 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 17,542 shares of the business's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total transaction of $246,289.68. Following the completion of the sale, the chief operating officer now owns 532,942 shares in the company, valued at approximately $7,482,505.68. This trade represents a 3.19 % 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 link.

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

• On Monday, December 2nd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.50, for a total transaction of $362,500.00.
• On Wednesday, November 20th, Mattias Stetz sold 5,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.00, for a total transaction of $60,000.00.
• On Friday, November 15th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.02, for a total transaction of $220,400.00.

Rush Street Interactive Stock Performance

NYSE RSI traded up $0.51 during mid-day trading on Friday, reaching $14.25. 1,592,737 shares of the stock were exchanged, compared to its average volume of 2,006,019. The company has a market capitalization of $3.22 billion, a P/E ratio of -712.50 and a beta of 1.88. The business's 50 day moving average is $12.84 and its 200-day moving average is $10.90. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rush Street Interactive in the 3rd quarter valued at about $44,000. Point72 DIFC Ltd acquired a new position in shares of Rush Street Interactive during the third quarter valued at approximately $70,000. New York State Teachers Retirement System lifted its position in shares of Rush Street Interactive by 17.2% in 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. Quarry LP boosted its stake in shares of Rush Street Interactive by 15.9% in the second quarter. Quarry LP now owns 8,762 shares of the company's stock worth $84,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Rush Street Interactive during the second quarter worth approximately $98,000. Hedge funds and other institutional investors own 24.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Needham & Company LLC increased their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Craig Hallum lifted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.43.

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.