Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells 25,934 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 25,934 shares of Rush Street Interactive stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 338,614 shares of the company’s stock, valued at approximately $4,164,952.20. This trade represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Rush Street Interactive Price Performance

Shares of NYSE:RSI traded down $0.28 during midday trading on Friday, hitting $11.13. 2,196,671 shares of the company’s stock were exchanged, compared to its average volume of 1,675,597. The stock has a 50 day moving average price of $10.64 and a 200-day moving average price of $9.64. The company has a market cap of $2.51 billion, a PE ratio of -539.00 and a beta of 1.78. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $12.46.

Wall Street Analysts Forecast Growth

RSI has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Oppenheimer lifted their price target on shares of Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted 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 note on Thursday, October 31st. Finally, Craig Hallum lifted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive has a consensus rating of “Moderate Buy” and an average target price of $12.43.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Rush Street Interactive by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock worth $35,683,000 after purchasing an additional 85,736 shares in the last quarter. SG Americas Securities LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth about $1,565,000. Acadian Asset Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth about $587,000. GSA Capital Partners LLP grew its position in Rush Street Interactive by 42.6% in the 3rd quarter. GSA Capital Partners LLP now owns 279,367 shares of the company’s stock worth $3,031,000 after purchasing an additional 83,436 shares in the last quarter. Finally, Driehaus Capital Management LLC purchased a new position in Rush Street Interactive in the second quarter valued at about $10,605,000. 24.78% of the stock is owned by institutional investors.

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.