Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells 15,983 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 15,983 shares of the firm’s stock in a transaction dated Friday, April 19th. The stock was sold at an average price of $6.11, for a total value of $97,656.13. Following the completion of the transaction, the chief financial officer now owns 550,174 shares of the company’s stock, valued at $3,361,563.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, March 19th, Kyle Sauers sold 21,362 shares of Rush Street Interactive stock. The stock was sold at an average price of $5.83, for a total value of $124,540.46.

Rush Street Interactive Stock Down 2.8 %

Rush Street Interactive stock opened at $5.98 on Friday. Rush Street Interactive, Inc. has a 52 week low of $2.85 and a 52 week high of $7.31. The business’s 50-day moving average price is $6.13 and its 200 day moving average price is $4.96.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. The firm had revenue of $193.85 million for the quarter, compared to analyst estimates of $181.50 million. Sell-side analysts forecast that Rush Street Interactive, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in Rush Street Interactive by 13,627.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after purchasing an additional 11,856 shares during the period. Nomura Holdings Inc. grew its holdings in Rush Street Interactive by 24.7% in the fourth quarter. Nomura Holdings Inc. now owns 4,184,373 shares of the company’s stock valued at $18,788,000 after purchasing an additional 828,984 shares during the period. Vanguard Group Inc. grew its holdings in Rush Street Interactive by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 5,395,483 shares of the company’s stock valued at $24,226,000 after purchasing an additional 195,985 shares during the period. Goldman Sachs Group Inc. grew its holdings in Rush Street Interactive by 0.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,000,151 shares of the company’s stock valued at $13,471,000 after purchasing an additional 19,261 shares during the period. Finally, Barclays PLC grew its holdings in Rush Street Interactive by 265.3% in the fourth quarter. Barclays PLC now owns 135,581 shares of the company’s stock valued at $609,000 after purchasing an additional 98,465 shares during the period. 24.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on RSI shares. Oppenheimer raised their price objective on Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Wells Fargo & Company raised their price objective on Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a research note on Thursday, March 7th. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research note on Friday, March 8th. Susquehanna reaffirmed a “neutral” rating and set a $6.00 target price (up from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. Finally, Needham & Company LLC raised their target price on Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.50.

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.