Insider Selling: 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 business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $12.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief operating officer now owns 575,484 shares of the company’s stock, valued at $6,905,808. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $11.02, for a total value of $220,400.00.

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $13.31 on Friday. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $13.71. The business has a 50-day moving average price of $10.95 and a two-hundred day moving average price of $9.85.

Institutional Trading of Rush Street Interactive

Several institutional investors and hedge funds have recently made changes to their positions in RSI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rush Street Interactive during the third quarter valued at approximately $44,000. Point72 DIFC Ltd bought a new position in Rush Street Interactive during the third quarter worth about $70,000. New York State Teachers Retirement System grew its stake in Rush Street Interactive by 17.2% in the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after acquiring an additional 1,020 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Rush Street Interactive by 13,627.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock worth $78,000 after acquiring an additional 11,856 shares in the last quarter. Finally, Quarry LP lifted its holdings 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 purchasing an additional 1,200 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Oppenheimer lifted their price target on Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Craig Hallum raised their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC upped their target price 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. Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their target price on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $12.43.

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.