Judith Gold Sells 118,001 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Judith Gold sold 118,001 shares of Rush Street Interactive stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $13.55, for a total value of $1,598,913.55. Following the completion of the sale, the director now directly owns 21,999 shares in the company, valued at approximately $298,086.45. This represents a 84.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Rush Street Interactive Trading Up 0.8 %

Shares of NYSE:RSI traded up $0.11 on Tuesday, hitting $13.72. The company had a trading volume of 1,524,933 shares, compared to its average volume of 1,675,926. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of -686.00 and a beta of 1.88. The stock has a 50 day moving average price of $12.58 and a 200 day moving average price of $10.79. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $14.92.

Wall Street Analysts Forecast Growth

RSI has been the subject of several analyst reports. Jefferies Financial Group raised their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Craig Hallum lifted their price objective 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. 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 report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $12.43.

Institutional Trading of Rush Street Interactive

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in Rush Street Interactive by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company's stock worth $18,843,000 after acquiring an additional 92,314 shares during the last quarter. 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 purchasing an additional 55,697 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Rush Street Interactive by 47.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company's stock worth $14,425,000 after purchasing an additional 482,872 shares during the last quarter. Federated Hermes Inc. boosted its stake 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 purchasing an additional 130,217 shares during the period. Finally, Driehaus Capital Management LLC acquired a new position in Rush Street Interactive in the 2nd quarter valued at $10,605,000. Institutional investors own 24.78% of the company's stock.

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.