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

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 28,381 shares of the firm’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 transaction of $303,676.70. Following the transaction, the chief financial officer now owns 470,323 shares in the company, valued at approximately $5,032,456.10. This trade represents a 5.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 Trading Down 1.8 %

NYSE:RSI traded down $0.20 during trading hours on Tuesday, hitting $10.63. The stock had a trading volume of 1,085,643 shares, compared to its average volume of 1,848,792. Rush Street Interactive, Inc. has a 1-year low of $5.71 and a 1-year high of $16.78. The business has a 50 day simple moving average of $13.67 and a two-hundred day simple moving average of $12.42. The company has a market cap of $2.43 billion, a PE ratio of -531.70 and a beta of 1.92.

Institutional Trading of Rush Street Interactive

Hedge funds have recently made changes to their positions in the stock. R Squared Ltd acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rush Street Interactive during the third quarter worth $44,000. Point72 DIFC Ltd bought a new position in Rush Street Interactive during the third quarter worth $70,000. Finally, WealthTrak Capital Management LLC bought a new position in Rush Street Interactive during the fourth quarter worth $71,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RSI. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Benchmark increased their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Macquarie reaffirmed an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. Jefferies Financial Group increased their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Rush Street Interactive has a consensus rating of “Buy” and an average target price of $15.50.

About Rush Street Interactive

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.