Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) Director Sells $1,598,913.55 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) Director Judith Gold sold 118,001 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $13.55, for a total transaction of $1,598,913.55. Following the transaction, the director now owns 21,999 shares of the company’s stock, valued at $298,086.45. This trade represents a 84.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Rush Street Interactive Stock Up 0.1 %

Shares of RSI stock opened at $13.74 on Friday. The firm has a market cap of $3.10 billion, a P/E ratio of -687.00 and a beta of 1.88. The business has a 50-day moving average price of $12.76 and a two-hundred day moving average price of $10.86. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $14.92.

Institutional Trading of Rush Street Interactive

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in shares of Rush Street Interactive by 40.5% during the second quarter. Bank of New York Mellon Corp now owns 252,514 shares of the company’s stock worth $2,422,000 after acquiring an additional 72,831 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Rush Street Interactive during the 2nd quarter valued at $98,000. Rhumbline Advisers raised its position in Rush Street Interactive by 26.6% in the 2nd quarter. Rhumbline Advisers now owns 100,476 shares of the company’s stock worth $964,000 after purchasing an additional 21,106 shares during the period. Acadian Asset Management LLC bought a new stake in Rush Street Interactive in the second quarter worth $587,000. Finally, Quest Partners LLC purchased a new stake in Rush Street Interactive during the second quarter valued at about $388,000. Institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on RSI. Jefferies Financial Group boosted their target price 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. Needham & Company LLC boosted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Craig Hallum upped their price objective 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

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.