Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells 28,381 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 28,381 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $10.70, for a total transaction of $303,676.70. Following the transaction, the chief financial officer now directly owns 470,323 shares in the company, valued at approximately $5,032,456.10. The trade was a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Kyle Sauers also recently made the following trade(s):

• On Friday, January 10th, Kyle Sauers sold 146,015 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.91, for a total transaction of $2,031,068.65.

Rush Street Interactive Trading Up 4.0 %

RSI stock opened at $11.09 on Thursday. The stock’s 50 day simple moving average is $13.51 and its 200 day simple moving average is $12.42. Rush Street Interactive, Inc. has a 12-month low of $5.71 and a 12-month high of $16.78. The firm has a market cap of $2.53 billion, a P/E ratio of -554.30 and a beta of 1.92.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RSI shares. Wells Fargo & Company raised their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Macquarie reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. Susquehanna raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $15.50.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC boosted its holdings in shares of Rush Street Interactive by 0.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock valued at $3,572,000 after buying an additional 1,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Rush Street Interactive by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company’s stock worth $594,000 after acquiring an additional 1,632 shares during the last quarter. R Squared Ltd bought a new position in Rush Street Interactive in the fourth quarter worth about $28,000. Arizona State Retirement System boosted its stake in Rush Street Interactive by 11.0% in the fourth quarter. Arizona State Retirement System now owns 22,913 shares of the company’s stock valued at $314,000 after acquiring an additional 2,265 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of Rush Street Interactive by 6.3% during the fourth quarter. Tidal Investments LLC now owns 38,360 shares of the company’s stock valued at $526,000 after purchasing an additional 2,280 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

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.