Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells $318,988.20 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 25,934 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $12.30, for a total transaction of $318,988.20. Following the transaction, the chief financial officer now directly owns 338,614 shares in the company, valued at approximately $4,164,952.20. The trade was a 7.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Rush Street Interactive Stock Performance

RSI opened at $11.13 on Monday. The business has a 50 day moving average price of $10.68 and a 200 day moving average price of $9.72. Rush Street Interactive, Inc. has a twelve month low of $3.56 and a twelve month high of $12.46. The firm has a market cap of $2.51 billion, a P/E ratio of -556.50 and a beta of 1.78.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RSI. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Craig Hallum increased their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price target on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Needham & Company LLC upped their price target 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. Finally, Oppenheimer boosted their target price on Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.43.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in RSI. New York State Teachers Retirement System increased its position in Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after buying an additional 1,020 shares during the period. Quarry LP increased its position in Rush Street Interactive by 15.9% in the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after buying an additional 1,200 shares during the period. Mesirow Financial Investment Management Inc. increased its position in Rush Street Interactive by 7.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after buying an additional 1,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rush Street Interactive in the 3rd quarter worth approximately $44,000. Finally, The Manufacturers Life Insurance Company increased its position in Rush Street Interactive by 25.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock worth $275,000 after buying an additional 5,840 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.