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 company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $12.30, for a total transaction of $318,988.20. Following the completion of the sale, the chief financial officer now directly owns 338,614 shares of the company’s stock, valued at $4,164,952.20. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Rush Street Interactive Trading Down 2.5 %

Shares of RSI stock opened at $11.13 on Monday. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of -556.50 and a beta of 1.78. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $12.46. The stock’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $9.72.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently bought and sold shares of RSI. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rush Street Interactive in the third quarter worth approximately $44,000. Point72 DIFC Ltd acquired a new position in Rush Street Interactive in the 3rd quarter valued at approximately $70,000. New York State Teachers Retirement System lifted 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Rush Street Interactive by 13,627.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after buying an additional 11,856 shares during the period. Finally, Quarry LP grew its holdings in shares of Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.