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 stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now owns 433 shares of the company’s stock, valued at approximately $6,023.03. This trade represents a 99.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $12.30, for a total transaction of $318,988.20.

Rush Street Interactive Stock Performance

Shares of NYSE RSI opened at $13.99 on Friday. The firm’s 50 day moving average price is $13.21 and its 200-day moving average price is $11.08. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $14.96. The company has a market cap of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. JPMorgan Chase & Co. raised its stake in shares of Rush Street Interactive by 155.6% in the third quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company’s stock worth $2,880,000 after purchasing an additional 161,568 shares during the last quarter. Principal Financial Group Inc. raised its position in Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after buying an additional 67,388 shares during the last quarter. Franklin Resources Inc. bought a new position in Rush Street Interactive during the 3rd quarter valued at about $901,000. Geode Capital Management LLC boosted its holdings in shares of Rush Street Interactive by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock valued at $18,843,000 after acquiring an additional 92,314 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Rush Street Interactive by 178.6% in the third quarter. Barclays PLC now owns 192,628 shares of the company’s stock worth $2,090,000 after acquiring an additional 123,486 shares during the period. 24.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RSI has been the subject of a number of research reports. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. 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 report on Thursday, October 31st. Finally, Jefferies Financial Group raised their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.