Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells $687,510.72 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 48,968 shares of Rush Street Interactive stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total transaction of $687,510.72. Following the transaction, the insider now directly owns 830,292 shares in the company, valued at $11,657,299.68. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Rush Street Interactive Trading Up 3.7 %

RSI stock opened at $14.25 on Friday. The business’s fifty day moving average price is $12.84 and its 200 day moving average price is $10.90. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $14.92. The company has a market capitalization of $3.22 billion, a PE ratio of -712.50 and a beta of 1.88.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Rush Street Interactive by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock valued at $18,843,000 after purchasing an additional 92,314 shares during the period. State Street Corp lifted its holdings in Rush Street Interactive by 3.6% during the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock worth $17,500,000 after buying an additional 55,697 shares in the last quarter. Renaissance Technologies LLC boosted its position in Rush Street Interactive by 47.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock valued at $14,425,000 after buying an additional 482,872 shares during the period. Federated Hermes Inc. boosted its position in Rush Street Interactive by 10.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,329,825 shares of the company’s stock valued at $12,753,000 after buying an additional 130,217 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in shares of Rush Street Interactive in the second quarter worth $10,605,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on RSI shares. Craig Hallum raised their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised 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. Finally, Needham & Company LLC upped their target price 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $12.43.

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.