Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells $393,050.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 35,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the sale, the insider now directly owns 139,982 shares in the company, valued at $1,571,997.86. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rush Street Interactive Stock Up 4.4 %

Shares of NYSE:RSI traded up $0.51 during midday trading on Tuesday, reaching $12.10. The company’s stock had a trading volume of 4,083,469 shares, compared to its average volume of 1,671,711. The firm has a market capitalization of $2.73 billion, a PE ratio of -590.50 and a beta of 1.78. Rush Street Interactive, Inc. has a twelve month low of $3.56 and a twelve month high of $12.18. The stock has a fifty day moving average of $10.49 and a 200 day moving average of $9.57.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Driehaus Capital Management LLC acquired a new stake in shares of Rush Street Interactive during the 2nd quarter worth about $10,605,000. Assenagon Asset Management S.A. increased its stake in shares of Rush Street Interactive by 157.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock worth $13,666,000 after buying an additional 872,367 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Rush Street Interactive by 185.5% during the second quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock valued at $9,416,000 after acquiring an additional 637,883 shares during the period. Millennium Management LLC raised its stake in shares of Rush Street Interactive by 378.4% during the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after purchasing an additional 490,831 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Rush Street Interactive by 47.3% during the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock valued at $14,425,000 after purchasing an additional 482,872 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

RSI has been the topic of several recent analyst reports. Wells Fargo & Company increased 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 note on Thursday, August 1st. Needham & Company LLC upped their price target on 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 boosted their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their target price on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer raised their target price on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.43.

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.