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 firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $10.84, for a total value of $216,800.00. Following the transaction, the chief operating officer now owns 426,051 shares of the company’s stock, valued at $4,618,392.84. The trade was a 4.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction of $293,250.00.
• On Monday, February 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The stock was 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 value of $22,500.00.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock opened at $10.25 on Friday. The stock has a market cap of $2.34 billion, a P/E ratio of -512.35 and a beta of 1.90. The stock’s fifty day moving average is $12.62 and its 200 day moving average is $12.52. Rush Street Interactive, Inc. has a one year low of $5.71 and a one year high of $16.78.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RSI. Exchange Traded Concepts LLC raised its stake in Rush Street Interactive by 0.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock worth $3,572,000 after acquiring an additional 1,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Rush Street Interactive by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company’s stock worth $594,000 after purchasing an additional 1,632 shares in the last quarter. R Squared Ltd bought a new stake in shares of Rush Street Interactive during the 4th quarter valued at $28,000. Arizona State Retirement System lifted its stake in shares of Rush Street Interactive by 11.0% during the 4th quarter. Arizona State Retirement System now owns 22,913 shares of the company’s stock valued at $314,000 after buying an additional 2,265 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Rush Street Interactive by 6.3% in the 4th quarter. Tidal Investments LLC now owns 38,360 shares of the company’s stock worth $526,000 after buying an additional 2,280 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. Benchmark lifted 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 note on Friday, February 28th. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Susquehanna upgraded shares of 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 issued a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $15.50.

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.