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 on Tuesday, April 1st. The stock was sold at an average price of $10.84, for a total value of $216,800.00. Following the completion of the sale, the chief operating officer now owns 426,051 shares of the company’s stock, valued at $4,618,392.84. This represents a 4.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value 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 value 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.

Rush Street Interactive Stock Performance

RSI traded down $0.62 during midday trading on Thursday, hitting $10.75. The company had a trading volume of 1,642,830 shares, compared to its average volume of 1,880,625. Rush Street Interactive, Inc. has a twelve month low of $5.71 and a twelve month high of $16.78. The firm’s 50-day simple moving average is $12.77 and its 200-day simple moving average is $12.53. The company has a market capitalization of $2.45 billion, a PE ratio of -537.55 and a beta of 1.92.

Wall Street Analysts Forecast Growth

RSI has been the subject of several analyst reports. Benchmark boosted their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Jefferies Financial Group boosted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Wells Fargo & Company increased their target price 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, Needham & Company LLC restated a “buy” rating and issued a $17.00 target price 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $15.50.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Rush Street Interactive by 7,958.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock valued at $27,843,000 after acquiring an additional 2,004,059 shares during the last quarter. Topline Capital Management LLC bought a new position in shares of Rush Street Interactive during the fourth quarter worth $24,851,000. William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter valued at $21,635,000. Nicholas Investment Partners LP bought a new stake in shares of Rush Street Interactive in the 4th quarter valued at $14,970,000. Finally, Vanguard Group Inc. raised its stake in Rush Street Interactive by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock worth $117,943,000 after buying an additional 1,056,583 shares during the period. 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.