Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells $105,000.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 7,500 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.00, for a total transaction of $105,000.00. Following the completion of the transaction, the insider now directly owns 139,482 shares in the company, valued at approximately $1,952,748. This represents a 5.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 Price Performance

Shares of NYSE:RSI traded down $0.29 during trading on Wednesday, reaching $14.22. 1,771,960 shares of the company’s stock traded hands, compared to its average volume of 1,695,504. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $14.60. The company has a 50 day moving average of $11.12 and a 200-day moving average of $9.95. The stock has a market capitalization of $3.21 billion, a P/E ratio of -710.50 and a beta of 1.78.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently modified their holdings of RSI. Driehaus Capital Management LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter valued at about $10,605,000. Assenagon Asset Management S.A. grew its position in Rush Street Interactive by 157.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock worth $13,666,000 after purchasing an additional 872,367 shares during the last quarter. Marshall Wace LLP grew its position in Rush Street Interactive by 185.5% in the 2nd quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock worth $9,416,000 after purchasing an additional 637,883 shares during the last quarter. Millennium Management LLC grew its position in Rush Street Interactive by 378.4% in the 2nd quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock worth $5,951,000 after purchasing an additional 490,831 shares during the last quarter. Finally, Renaissance Technologies LLC grew 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 worth $14,425,000 after purchasing an additional 482,872 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RSI. Jefferies Financial Group lifted their price target 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. Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Oppenheimer lifted their price target on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Craig Hallum boosted their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.