Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells 7,500 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total transaction of $112,500.00. Following the transaction, the insider now owns 139,387 shares of the company’s stock, valued at approximately $2,090,805. This trade represents a 5.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Paul Wierbicki also recently made the following trade(s):

• On Monday, November 25th, Paul Wierbicki sold 7,500 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.00, for a total transaction of $105,000.00.
• On Monday, November 11th, Paul Wierbicki sold 35,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00.

Rush Street Interactive Trading Up 2.4 %

Shares of RSI stock opened at $15.15 on Thursday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -757.50 and a beta of 1.88. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $15.68. The stock’s fifty day simple moving average is $13.36 and its 200-day simple moving average is $11.16.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of Rush Street Interactive by 40.5% in the second quarter. Bank of New York Mellon Corp now owns 252,514 shares of the company’s stock worth $2,422,000 after purchasing an additional 72,831 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Rush Street Interactive in the 2nd quarter valued at approximately $98,000. Rhumbline Advisers lifted its position in Rush Street Interactive by 26.6% in the 2nd quarter. Rhumbline Advisers now owns 100,476 shares of the company’s stock worth $964,000 after buying an additional 21,106 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Rush Street Interactive during the 2nd quarter valued at $587,000. Finally, American Century Companies Inc. purchased a new position in shares of Rush Street Interactive during the 2nd quarter valued at $311,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analysts Set New Price Targets

RSI has been the subject of several research reports. Jefferies Financial Group raised their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday. 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 report on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and an average price target of $13.67.

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.