Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells 28,381 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 28,381 shares of Rush Street Interactive stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $10.70, for a total value of $303,676.70. Following the completion of the sale, the chief financial officer now owns 470,323 shares of the company’s stock, valued at $5,032,456.10. The trade was a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Kyle Sauers also recently made the following trade(s):

• On Friday, January 10th, Kyle Sauers sold 146,015 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.91, for a total transaction of $2,031,068.65.

Rush Street Interactive Price Performance

RSI opened at $10.63 on Wednesday. Rush Street Interactive, Inc. has a 1-year low of $5.71 and a 1-year high of $16.78. The company has a 50 day simple moving average of $13.58 and a two-hundred day simple moving average of $12.43. The firm has a market cap of $2.43 billion, a P/E ratio of -531.70 and a beta of 1.92.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Susquehanna upgraded shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Wells Fargo & Company upped their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. Benchmark raised their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie restated an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Finally, Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $15.50.

Hedge Funds Weigh In On Rush Street Interactive

Several large investors have recently made changes to their positions in the business. R Squared Ltd bought a new stake in Rush Street Interactive during the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC bought a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rush Street Interactive during the third quarter valued at approximately $44,000. Point72 DIFC Ltd bought a new position in shares of Rush Street Interactive during the third quarter worth $70,000. Finally, WealthTrak Capital Management LLC purchased a new position in Rush Street Interactive during the fourth quarter valued at $71,000. 24.78% of the stock is currently owned by hedge funds and other 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.