Rush Street Interactive, Inc. (NYSE:RSI) Insider Paul Wierbicki Sells 7,500 Shares

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 7,500 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.00, for a total transaction of $105,000.00. Following the transaction, the insider now directly owns 139,482 shares in the company, valued at approximately $1,952,748. The trade was a 5.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Paul Wierbicki also recently made the following trade(s):

• On Monday, November 11th, Paul Wierbicki sold 35,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.23, for a total transaction of $393,050.00.

Rush Street Interactive Trading Down 2.0 %

NYSE:RSI opened at $14.22 on Thursday. The stock has a fifty day moving average price of $11.12 and a 200 day moving average price of $9.95. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $14.60. The firm has a market cap of $3.21 billion, a PE ratio of -710.50 and a beta of 1.78.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RSI shares. Craig Hallum upped their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer boosted their price objective on shares of Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company boosted their price target on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.43.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Rush Street Interactive by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock worth $35,683,000 after acquiring an additional 85,736 shares during the last quarter. Millrace Asset Group Inc. acquired a new position in shares of Rush Street Interactive during the third quarter worth $2,135,000. SG Americas Securities LLC acquired a new position in shares of Rush Street Interactive during the second quarter worth $1,565,000. Principal Financial Group Inc. raised its stake in Rush Street Interactive by 656.2% in the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after buying an additional 67,388 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Rush Street Interactive by 72.2% in 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 in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

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.