Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $60,000.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $12.00, for a total value of $60,000.00. Following the transaction, the chief operating officer now directly owns 575,484 shares of the company’s stock, valued at $6,905,808. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 15th, Mattias Stetz sold 20,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.02, for a total value of $220,400.00.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock opened at $13.31 on Friday. Rush Street Interactive, Inc. has a twelve month low of $3.56 and a twelve month high of $13.71. The company’s fifty day moving average is $10.95 and its 200 day moving average is $9.85.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RSI. Oppenheimer increased their target price on Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. 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 research report on Thursday, October 31st. Needham & Company LLC boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum raised their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company upped their price objective on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus target price of $12.43.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in RSI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Rush Street Interactive in the 3rd quarter valued at about $44,000. Point72 DIFC Ltd acquired a new position in Rush Street Interactive in the third quarter valued at approximately $70,000. New York State Teachers Retirement System grew its position in shares of Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after buying an additional 1,020 shares during the period. Quarry LP lifted its position in shares of Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares during the period. Finally, CWM LLC boosted its stake in Rush Street Interactive by 425.6% during the third quarter. CWM LLC now owns 9,209 shares of the company’s stock worth $100,000 after acquiring an additional 7,457 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

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.