Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) Director Sells 118,001 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) Director Judith Gold sold 118,001 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $13.55, for a total transaction of $1,598,913.55. Following the sale, the director now owns 21,999 shares in the company, valued at approximately $298,086.45. This trade represents a 84.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock opened at $13.72 on Thursday. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -686.00 and a beta of 1.88. The firm’s 50-day moving average is $12.64 and its 200 day moving average is $10.82. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.92.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently bought and sold shares of the business. Millrace Asset Group Inc. purchased a new position in Rush Street Interactive in the 3rd quarter worth about $2,135,000. Principal Financial Group Inc. raised its position in Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after buying an additional 67,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Rush Street Interactive by 72.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock worth $8,907,000 after buying an additional 344,276 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Rush Street Interactive in the 2nd quarter worth about $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Rush Street Interactive in the 3rd quarter worth about $656,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on RSI shares. 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 report 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 company a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Rush Street Interactive currently has a consensus 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.