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

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 146,015 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $13.91, for a total value of $2,031,068.65. Following the sale, the chief financial officer now directly owns 433 shares in the company, valued at approximately $6,023.03. This represents a 99.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Stock Performance

RSI opened at $13.99 on Friday. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $14.96. The firm has a market capitalization of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88. The business’s 50-day simple moving average is $13.21 and its 200 day simple moving average is $11.07.

Analysts Set New Price Targets

A number of brokerages have weighed in on RSI. Craig Hallum lifted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC upped their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Finally, Jefferies Financial Group upped their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $12.43.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. New York State Teachers Retirement System lifted its stake in Rush Street Interactive by 17.2% in 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 last quarter. Quarry LP raised its holdings in shares of Rush Street Interactive by 15.9% in the 2nd 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. lifted its stake in Rush Street Interactive by 7.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after purchasing an additional 1,745 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rush Street Interactive during the third quarter worth about $44,000. Finally, The Manufacturers Life Insurance Company increased its position in Rush Street Interactive by 25.6% during the second quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock worth $275,000 after buying an additional 5,840 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.