Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers Sells 25,934 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 25,934 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.30, for a total transaction of $318,988.20. Following the completion of the transaction, the chief financial officer now 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rush Street Interactive Price Performance

NYSE RSI opened at $11.13 on Friday. The company has a market cap of $2.51 billion, a P/E ratio of -556.50 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. The company has a 50-day moving average of $10.68 and a 200-day moving average of $9.69.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RSI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Rush Street Interactive in the 3rd quarter valued at about $44,000. Point72 DIFC Ltd bought a new position in shares of Rush Street Interactive during the 3rd quarter valued at about $70,000. New York State Teachers Retirement System grew 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 purchasing an additional 1,020 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Rush Street Interactive by 13,627.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after acquiring an additional 11,856 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after buying an additional 1,200 shares during the period. 24.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSI has been the subject of several analyst reports. Wells Fargo & Company increased 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. Craig Hallum increased their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their target price on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Oppenheimer boosted their price target on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC raised their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Rush Street Interactive currently 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.