Rush Street Interactive, Inc. (NYSE:RSI) Insider Paul Wierbicki Sells 35,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the completion of the transaction, the insider now owns 139,982 shares in the company, valued at $1,571,997.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Rush Street Interactive Price Performance

Shares of RSI opened at $11.49 on Thursday. Rush Street Interactive, Inc. has a one year low of $3.56 and a one year high of $12.46. The company has a 50-day simple moving average of $10.60 and a two-hundred day simple moving average of $9.62. The firm has a market capitalization of $2.59 billion, a PE ratio of -574.50 and a beta of 1.78.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

RSI has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC raised their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Craig Hallum upped their price target on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their target price on Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.