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 Friday, November 15th. The stock was sold at an average price of $11.02, for a total transaction of $220,400.00. Following the sale, the chief operating officer now owns 580,484 shares in the company, valued at approximately $6,396,933.68. This represents a 3.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were sold at an average price of $12.00, for a total transaction of $60,000.00.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $12.21 on Thursday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of -610.50 and a beta of 1.78. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $12.46. The stock’s 50 day moving average price is $10.82 and its two-hundred day moving average price is $9.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RSI. Driehaus Capital Management LLC bought a new stake in Rush Street Interactive in the second quarter valued at $10,605,000. Assenagon Asset Management S.A. increased its position in Rush Street Interactive by 157.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock valued at $13,666,000 after buying an additional 872,367 shares in the last quarter. Marshall Wace LLP boosted its holdings in Rush Street Interactive by 185.5% in the second quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock worth $9,416,000 after acquiring an additional 637,883 shares in the last quarter. Millennium Management LLC grew its stake in Rush Street Interactive by 378.4% in the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after acquiring an additional 490,831 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in shares of Rush Street Interactive by 47.3% during the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock valued at $14,425,000 after acquiring an additional 482,872 shares in the last quarter. 24.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.