Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells 146,015 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 146,015 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $13.91, for a total transaction of $2,031,068.65. Following the completion of the transaction, the chief financial officer now directly owns 433 shares in the company, valued at $6,023.03. The trade was a 99.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, November 13th, Kyle Sauers sold 25,934 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.30, for a total transaction of $318,988.20.

Rush Street Interactive Stock Performance

NYSE:RSI opened at $13.99 on Friday. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $14.96. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -699.50 and a beta of 1.88. The stock has a fifty day moving average price of $13.21 and a 200-day moving average price of $11.07.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently bought and sold shares of the company. Driehaus Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at approximately $10,605,000. Marshall Wace LLP lifted its stake in Rush Street Interactive by 185.5% during the second quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock worth $9,416,000 after purchasing an additional 637,883 shares during the last quarter. Millennium Management LLC lifted its stake in Rush Street Interactive by 378.4% during the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock worth $5,951,000 after purchasing an additional 490,831 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Rush Street Interactive by 47.3% in the 2nd 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. Finally, Caprock Group LLC bought a new position in shares of Rush Street Interactive in the 3rd quarter valued at $4,178,000. Institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RSI. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Craig Hallum lifted their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.