Rush Street Interactive, Inc. (NYSE:RSI) Insider Paul Wierbicki Sells 35,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 35,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.23, for a total transaction of $393,050.00. Following the completion of the sale, the insider now directly owns 139,982 shares of the company’s stock, valued at approximately $1,571,997.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $12.10 on Wednesday. The firm has a market capitalization of $2.73 billion, a PE ratio of -605.00 and a beta of 1.78. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $12.18. The firm’s 50-day moving average is $10.55 and its two-hundred day moving average is $9.61.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RSI shares. Craig Hallum raised their target price 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. Wells Fargo & Company raised their price objective on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Needham & Company LLC upped their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. 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 report on Thursday, August 1st. Finally, Jefferies Financial Group boosted 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. Two 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 presently has an average rating of “Moderate Buy” and a consensus target price of $12.43.

Institutional Investors Weigh In On Rush Street Interactive

Several large investors have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted 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 valued at $75,000 after buying an additional 1,020 shares during the period. Quarry LP boosted its holdings in Rush Street Interactive by 15.9% in the second 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 period. Mesirow Financial Investment Management Inc. grew its stake in Rush Street Interactive by 7.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after purchasing an additional 1,745 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Rush Street Interactive by 25.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock worth $275,000 after purchasing an additional 5,840 shares during the period. Finally, CWM LLC raised its position 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 in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Company Profile

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.