Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers Sells 28,381 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 28,381 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 of the company’s stock, 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 the SEC website.

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 stock was sold at an average price of $13.91, for a total transaction of $2,031,068.65.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $10.63 on Wednesday. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of -531.70 and a beta of 1.92. The stock’s 50 day simple moving average is $13.58 and its two-hundred day simple moving average is $12.43. Rush Street Interactive, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $16.78.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. R Squared Ltd purchased a new stake in shares of Rush Street Interactive in the 4th quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Rush Street Interactive during the third quarter valued at approximately $44,000. WealthTrak Capital Management LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $71,000. Finally, Point72 DIFC Ltd bought a new position in Rush Street Interactive during the 3rd quarter valued at approximately $70,000. Institutional investors own 24.78% of the company’s stock.

Analysts Set New Price Targets

RSI has been the topic of a number of analyst reports. Benchmark lifted their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie reiterated an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Wells Fargo & Company increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $15.50.

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.