Rush Street Interactive (NYSE:RSI) Trading Down 4.9% – Should You Sell?

Shares of Rush Street Interactive, Inc. (NYSE:RSI) fell 4.9% during mid-day trading on Friday . The company traded as low as $13.72 and last traded at $13.68. 487,232 shares traded hands during trading, a decline of 69% from the average session volume of 1,589,902 shares. The stock had previously closed at $14.39.

Analyst Ratings Changes

A number of brokerages recently issued reports on RSI. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Jefferies Financial Group lifted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Craig Hallum boosted 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 boosted their price target on Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Rush Street Interactive Trading Down 5.6 %

The firm has a 50-day simple moving average of $13.87 and a 200-day simple moving average of $11.42. The firm has a market cap of $3.07 billion, a P/E ratio of -679.00 and a beta of 1.88.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 4,419 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $13.75, for a total transaction of $60,761.25. Following the transaction, the chief executive officer now owns 2,392,587 shares in the company, valued at approximately $32,898,071.25. This represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul Wierbicki sold 35,000 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.23, for a total value of $393,050.00. Following the completion of the transaction, the insider now owns 139,982 shares of the company’s stock, valued at $1,571,997.86. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 884,287 shares of company stock valued at $11,632,978 over the last quarter. 56.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rush Street Interactive

Large investors have recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Rush Street Interactive during the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new position in Rush Street Interactive during the fourth quarter valued at $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive in the third quarter valued at $44,000. Point72 DIFC Ltd acquired a new stake in Rush Street Interactive during the 3rd quarter worth about $70,000. Finally, New York State Teachers Retirement System raised its stake in shares of Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after buying an additional 1,020 shares during the last quarter. Hedge funds and other 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.