Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) COO Sells $220,400.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.02, for a total transaction of $220,400.00. Following the transaction, the chief operating officer now directly owns 580,484 shares of the company’s stock, valued at $6,396,933.68. This represents a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $13.37 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of -668.25 and a beta of 1.78. The company has a 50 day moving average of $10.89 and a 200-day moving average of $9.81. Rush Street Interactive, Inc. has a one year low of $3.56 and a one year high of $13.71.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System grew its holdings in Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after purchasing an additional 1,020 shares during the period. Quarry LP boosted its holdings in shares of Rush Street Interactive by 15.9% in the second quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after buying an additional 1,200 shares during the period. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Rush Street Interactive by 7.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after buying an additional 1,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Rush Street Interactive in the third quarter valued at approximately $44,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Rush Street Interactive by 25.6% in the second quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock valued at $275,000 after buying an additional 5,840 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.