Kyle Sauers Sells 146,015 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 146,015 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $13.91, for a total transaction of $2,031,068.65. Following the completion of the sale, the chief financial officer now directly owns 433 shares in the company, valued at approximately $6,023.03. The trade was a 99.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, November 13th, Kyle Sauers sold 25,934 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.30, for a total value of $318,988.20.

Rush Street Interactive Trading Down 4.1 %

NYSE:RSI traded down $0.60 during trading hours on Friday, reaching $13.99. 1,924,139 shares of the company were exchanged, compared to its average volume of 1,988,156. The firm has a market cap of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88. Rush Street Interactive, Inc. has a twelve month low of $3.56 and a twelve month high of $14.96. The stock’s 50-day moving average is $13.21 and its 200-day moving average is $11.07.

Wall Street Analyst Weigh In

RSI has been the subject of several recent research reports. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday. Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Craig Hallum lifted their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.43.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RSI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Rush Street Interactive in the 3rd quarter worth about $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 increased 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 purchasing an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Rush Street Interactive in the 2nd quarter valued at $98,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.