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 Rush Street Interactive stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $10.84, for a total transaction of $216,800.00. Following the sale, the chief operating officer now owns 426,051 shares in the company, valued at approximately $4,618,392.84. The trade was a 4.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were 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 shares were 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 stock was sold at an average price of $15.00, for a total value of $22,500.00.

Rush Street Interactive Trading Down 4.9 %

Rush Street Interactive stock opened at $10.25 on Friday. Rush Street Interactive, Inc. has a 12-month low of $5.71 and a 12-month high of $16.78. The firm has a 50-day moving average price of $12.62 and a 200-day moving average price of $12.52. The firm has a market capitalization of $2.34 billion, a PE ratio of -512.35 and a beta of 1.90.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RSI. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Jefferies Financial Group upped their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Susquehanna raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $15.50.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RSI. Vanguard Group Inc. raised its holdings in shares of Rush Street Interactive by 14.0% in the fourth 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. Arrowstreet Capital Limited Partnership grew its position in Rush Street Interactive by 62.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company’s stock valued at $36,540,000 after acquiring an additional 1,018,889 shares during the last quarter. Driehaus Capital Management LLC increased its stake 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 worth $30,191,000 after purchasing an additional 795,719 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Rush Street Interactive by 7,958.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock worth $27,843,000 after purchasing an additional 2,004,059 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Rush Street Interactive by 43.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company’s stock valued at $26,924,000 after purchasing an additional 598,300 shares during the period. Hedge funds and other institutional investors own 24.78% of the company’s stock.

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.