Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) COO Mattias Stetz sold 20,000 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $10.84, for a total value of $216,800.00. Following the completion of the sale, the chief operating officer now directly owns 426,051 shares in the company, valued at $4,618,392.84. This trade represents a 4.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
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 transaction of $22,500.00.
Rush Street Interactive Stock Down 5.4 %
NYSE:RSI opened at $10.75 on Friday. The company has a market cap of $2.45 billion, a P/E ratio of -537.55 and a beta of 1.92. The firm's 50 day moving average is $12.70 and its two-hundred day moving average is $12.52. Rush Street Interactive, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $16.78.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in RSI. Intech Investment Management LLC purchased a new stake in Rush Street Interactive during the third quarter valued at about $192,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Rush Street Interactive by 26.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 741,862 shares of the company's stock worth $8,049,000 after purchasing an additional 154,785 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Rush Street Interactive during the 3rd quarter worth approximately $44,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Rush Street Interactive in the third quarter valued at approximately $656,000. Finally, Verition Fund Management LLC lifted its position in Rush Street Interactive by 65.1% during the third quarter. Verition Fund Management LLC now owns 158,721 shares of the company's stock valued at $1,722,000 after buying an additional 62,556 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on RSI shares. Susquehanna raised Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Macquarie reiterated an "outperform" rating and set a $16.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. Jefferies Financial Group upped their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Benchmark lifted their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Wells Fargo & Company upped their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $15.50.
Check Out Our Latest Analysis on Rush Street Interactive
About Rush Street Interactive
(
Get Free Report)
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.
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