Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $14,676.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 1,223 shares of the company’s stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $12.00, for a total transaction of $14,676.00. Following the sale, the chief operating officer now owns 424,828 shares of the company’s stock, valued at $5,097,936. The trade was a 0.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, April 1st, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $10.84, for a total value of $216,800.00.
• On Monday, March 3rd, Mattias Stetz sold 25,000 shares of Rush Street Interactive stock. The shares were 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 value of $22,500.00.

Rush Street Interactive Price Performance

Shares of RSI traded down $0.33 during midday trading on Thursday, hitting $11.29. The stock had a trading volume of 1,711,695 shares, compared to its average volume of 1,892,985. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -564.35 and a beta of 1.90. The company has a 50 day simple moving average of $12.29 and a two-hundred day simple moving average of $12.54. Rush Street Interactive, Inc. has a twelve month low of $5.71 and a twelve month high of $16.78.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 1,056,583 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Rush Street Interactive by 62.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company’s stock worth $36,540,000 after purchasing an additional 1,018,889 shares during the last quarter. Driehaus Capital Management LLC grew its position in Rush Street Interactive by 56.6% in the fourth quarter. Driehaus Capital Management LLC now owns 2,200,517 shares of the company’s stock valued at $30,191,000 after purchasing an additional 795,719 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in 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 buying an additional 2,004,059 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Rush Street Interactive by 43.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company’s stock worth $26,924,000 after buying an additional 598,300 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Macquarie reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Rush Street Interactive in a research note on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Benchmark increased their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Buy” and a consensus 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.