Mattias Stetz Sells 20,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.02, for a total transaction of $220,400.00. Following the completion of the transaction, the chief operating officer now owns 580,484 shares of the company’s stock, valued at $6,396,933.68. This trade represents a 3.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.

Rush Street Interactive Stock Performance

RSI stock opened at $13.37 on Friday. The company’s 50-day simple moving average is $10.89 and its 200 day simple moving average is $9.81. Rush Street Interactive, Inc. has a 52 week low of $3.56 and a 52 week high of $13.71. The company has a market capitalization of $3.02 billion, a PE ratio of -668.25 and a beta of 1.78.

Analysts Set New Price Targets

A number of analysts have recently commented on RSI shares. Jefferies Financial Group boosted their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Craig Hallum boosted their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC upped their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their price target on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company upped their price target on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.43.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in Rush Street Interactive by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock worth $35,683,000 after buying an additional 85,736 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Rush Street Interactive during the second quarter worth about $1,565,000. Acadian Asset Management LLC acquired a new stake in Rush Street Interactive during the second quarter worth about $587,000. GSA Capital Partners LLP lifted its holdings in shares of Rush Street Interactive by 42.6% in the third quarter. GSA Capital Partners LLP now owns 279,367 shares of the company’s stock worth $3,031,000 after acquiring an additional 83,436 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of Rush Street Interactive in the second quarter worth about $10,605,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.