Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $246,289.68 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 17,542 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total value of $246,289.68. Following the transaction, the chief operating officer now owns 532,942 shares in the company, valued at $7,482,505.68. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 stock was sold at an average price of $14.50, for a total value 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 Up 3.7 %

Rush Street Interactive stock traded up $0.51 during midday trading on Friday, reaching $14.25. The company’s stock had a trading volume of 1,592,737 shares, compared to its average volume of 2,006,019. The business has a 50-day simple moving average of $12.76 and a 200-day simple moving average of $10.86. The company has a market cap of $3.22 billion, a P/E ratio of -712.50 and a beta of 1.88. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $14.92.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Rush Street Interactive in the 3rd quarter valued at $44,000. Point72 DIFC Ltd purchased a new position in Rush Street Interactive in the third quarter worth $70,000. New York State Teachers Retirement System grew its stake in shares of Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares during the period. Quarry LP lifted 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 valued at $84,000 after purchasing an additional 1,200 shares during the period. Finally, CWM LLC boosted its holdings in Rush Street Interactive by 425.6% during the third quarter. CWM LLC now owns 9,209 shares of the company’s stock worth $100,000 after buying an additional 7,457 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Craig Hallum raised their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upped their price target on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.