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

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CFO Kyle Sauers sold 28,381 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $10.70, for a total value of $303,676.70. Following the sale, the chief financial officer now directly owns 470,323 shares of the company's stock, valued at $5,032,456.10. The trade was 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 this link.

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 Up 0.1 %

Shares of NYSE:RSI traded up $0.02 on Friday, reaching $10.95. 1,815,963 shares of the company were exchanged, compared to its average volume of 1,846,691. The company has a 50-day moving average of $13.38 and a 200-day moving average of $12.42. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -547.25 and a beta of 1.92. Rush Street Interactive, Inc. has a 1-year low of $5.71 and a 1-year high of $16.78.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of RSI. Principal Financial Group Inc. increased its stake 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 valued at $843,000 after purchasing an additional 67,388 shares in the last quarter. Entropy Technologies LP acquired a new position in Rush Street Interactive during the third quarter worth about $175,000. Victory Capital Management Inc. acquired a new position in Rush Street Interactive during the third quarter worth about $546,000. Caprock Group LLC purchased a new stake in shares of Rush Street Interactive in the third quarter valued at about $4,178,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 purchasing an additional 344,276 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group upped 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. Needham & Company LLC restated a "buy" rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Macquarie reiterated an "outperform" rating and set a $16.00 target price on shares of Rush Street Interactive in a research note on Thursday, February 27th. Wells Fargo & Company lifted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $15.50.

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.