Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells $105,000.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 7,500 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.00, for a total value of $105,000.00. Following the completion of the sale, the insider now owns 139,482 shares in the company, valued at $1,952,748. The trade was a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Paul Wierbicki also recently made the following trade(s):

• On Monday, November 11th, Paul Wierbicki sold 35,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.23, for a total value of $393,050.00.

Rush Street Interactive Stock Down 2.1 %

Shares of NYSE RSI opened at $14.21 on Friday. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of -710.50 and a beta of 1.78. The company’s 50-day simple moving average is $11.20 and its 200-day simple moving average is $9.98. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $14.60.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RSI. Jefferies Financial Group lifted their target price 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 lifted their price objective 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 increased their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Craig Hallum raised their target price on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer upped their price target 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 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.43.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive during the 3rd quarter worth approximately $44,000. Point72 DIFC Ltd acquired a new stake in shares of Rush Street Interactive in the third quarter worth approximately $70,000. New York State Teachers Retirement System increased its position in shares of Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP raised its stake in Rush Street Interactive by 15.9% in 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, CWM LLC raised its stake in Rush Street Interactive by 425.6% in the 3rd quarter. CWM LLC now owns 9,209 shares of the company’s stock valued at $100,000 after purchasing an additional 7,457 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.