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 company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $13.91, for a total value of $2,031,068.65. Following 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 legal filing with the SEC, which is available through the SEC website.

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 shares were sold at an average price of $12.30, for a total value of $318,988.20.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $13.99 on Friday. The stock has a fifty day simple moving average of $13.21 and a two-hundred day simple moving average of $11.08. The firm has a market capitalization of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $14.96.

Analysts Set New Price Targets

RSI has been the subject of several recent research reports. Craig Hallum boosted their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC boosted their price objective 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. Jefferies Financial Group raised their target price on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.43.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Millrace Asset Group Inc. purchased a new stake in Rush Street Interactive in the 3rd quarter worth $2,135,000. Principal Financial Group Inc. lifted its position in shares of Rush Street Interactive by 656.2% in the third 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Rush Street Interactive by 72.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock valued at $8,907,000 after buying an additional 344,276 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Rush Street Interactive during the 2nd quarter valued at approximately $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Rush Street Interactive in the 3rd quarter worth approximately $656,000. Institutional investors own 24.78% of the company’s stock.

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.