Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells $303,676.70 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 28,381 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were 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 directly owns 470,323 shares in the company, valued at approximately $5,032,456.10. This represents a 5.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 shares were sold at an average price of $13.91, for a total value of $2,031,068.65.

Rush Street Interactive Stock Down 2.0 %

RSI stock opened at $10.90 on Friday. The company has a market cap of $2.48 billion, a P/E ratio of -544.75 and a beta of 1.92. Rush Street Interactive, Inc. has a twelve month low of $5.71 and a twelve month high of $16.78. The business has a fifty day moving average of $13.44 and a 200-day moving average of $12.41.

Analyst Ratings Changes

Several brokerages recently commented on RSI. Macquarie reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price target on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. Susquehanna upgraded Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company lifted 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. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Buy” and an average price target of $15.50.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the company. Millrace Asset Group Inc. bought a new stake in shares of Rush Street Interactive during the third quarter worth $2,135,000. Principal Financial Group Inc. raised its position in shares of Rush Street Interactive by 656.2% during the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after acquiring an additional 67,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Rush Street Interactive by 72.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock worth $8,907,000 after acquiring an additional 344,276 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Rush Street Interactive in the third quarter valued at about $656,000. Finally, Legato Capital Management LLC bought a new stake in Rush Street Interactive in the fourth quarter valued at about $1,897,000. Institutional investors 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.