Paul Wierbicki Sells 7,500 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 7,500 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total transaction of $112,500.00. Following the completion of the transaction, the insider now owns 139,387 shares in the company, valued at $2,090,805. This represents a 5.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, November 25th, Paul Wierbicki sold 7,500 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.00, for a total value of $105,000.00.
• 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 Trading Up 2.4 %

RSI traded up $0.35 on Wednesday, hitting $15.15. 2,255,432 shares of the company’s stock were exchanged, compared to its average volume of 1,914,881. The stock has a fifty day moving average of $13.36 and a two-hundred day moving average of $11.16. Rush Street Interactive, Inc. has a twelve month low of $3.56 and a twelve month high of $15.68. The firm has a market cap of $3.42 billion, a PE ratio of -757.50 and a beta of 1.88.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rush Street Interactive during the 3rd quarter valued at approximately $44,000. Point72 DIFC Ltd bought a new stake in Rush Street Interactive in the third quarter valued at $70,000. New York State Teachers Retirement System boosted its holdings 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 valued at $75,000 after acquiring an additional 1,020 shares during the period. Quarry LP grew its position in shares of Rush Street Interactive by 15.9% during the second quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after acquiring an additional 1,200 shares during the last quarter. Finally, CWM LLC increased its holdings in shares of Rush Street Interactive by 425.6% in the 3rd quarter. CWM LLC now owns 9,209 shares of the company’s stock worth $100,000 after acquiring an additional 7,457 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSI has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. 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. Needham & Company LLC boosted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group upped their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average target price of $13.67.

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.