Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells $2,031,068.65 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 146,015 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 433 shares in the company, valued at approximately $6,023.03. This represents a 99.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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 stock was sold at an average price of $12.30, for a total value of $318,988.20.

Rush Street Interactive Stock Down 4.1 %

Shares of RSI traded down $0.60 during mid-day trading on Friday, hitting $13.99. 1,924,139 shares of the company traded hands, compared to its average volume of 1,988,156. The company has a market capitalization of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88. The business has a 50 day moving average of $13.21 and a 200 day moving average of $11.07. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $14.96.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Rush Street Interactive during the third quarter worth $44,000. Point72 DIFC Ltd acquired a new stake in Rush Street Interactive during the 3rd quarter worth about $70,000. New York State Teachers Retirement System lifted its position in Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after acquiring an additional 1,020 shares during the period. Quarry LP grew its stake in 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 purchasing an additional 1,200 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Rush Street Interactive in the second quarter valued at about $98,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analysts Set New Price Targets

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