Rush Street Interactive, Inc. (NYSE:RSI) CFO Sells $303,676.70 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) 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 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 document filed with the SEC, which is accessible through 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 value of $2,031,068.65.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $10.90 on Friday. The stock’s 50 day simple moving average is $13.44 and its 200 day simple moving average is $12.41. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -544.75 and a beta of 1.92. Rush Street Interactive, Inc. has a twelve month low of $5.71 and a twelve month high of $16.78.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Rush Street Interactive by 7,958.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock worth $27,843,000 after purchasing an additional 2,004,059 shares in the last quarter. Topline Capital Management LLC acquired a new stake in shares of Rush Street Interactive during the 4th quarter worth approximately $24,851,000. William Blair Investment Management LLC acquired a new stake in shares of Rush Street Interactive during the 4th quarter worth approximately $21,635,000. Nicholas Investment Partners LP acquired a new stake in shares of Rush Street Interactive during the 4th quarter worth approximately $14,970,000. Finally, Vanguard Group Inc. grew its holdings in shares of Rush Street Interactive by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock worth $117,943,000 after purchasing an additional 1,056,583 shares in the last quarter. 24.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group raised their price objective 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. Wells Fargo & Company raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Finally, Benchmark raised their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has an average rating of “Buy” and an average target price of $15.50.

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.