Rush Street Interactive, Inc. (NYSE:RSI) Insider Paul Wierbicki Sells 7,500 Shares

Rush Street Interactive, Inc. (NYSE:RSI) insider Paul Wierbicki sold 7,500 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total value of $112,500.00. Following the sale, the insider now directly owns 139,387 shares in the company, valued at approximately $2,090,805. The trade was a 5.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Paul Wierbicki also recently made the following trade(s):

• On Monday, November 25th, Paul Wierbicki sold 7,500 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.00, for a total value of $105,000.00.
• On Monday, November 11th, Paul Wierbicki sold 35,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.23, for a total value of $393,050.00.

Rush Street Interactive Stock Performance

NYSE:RSI opened at $15.02 on Friday. The firm has a market cap of $3.39 billion, a P/E ratio of -751.20 and a beta of 1.88. Rush Street Interactive, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $15.68. The firm has a 50-day simple moving average of $13.61 and a two-hundred day simple moving average of $11.25.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Rush Street Interactive by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock valued at $18,843,000 after acquiring an additional 92,314 shares in the last quarter. State Street Corp lifted its holdings in shares of Rush Street Interactive by 3.6% during the third quarter. State Street Corp now owns 1,612,892 shares of the company’s stock valued at $17,500,000 after purchasing an additional 55,697 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Rush Street Interactive by 47.3% during the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock valued at $14,425,000 after purchasing an additional 482,872 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Rush Street Interactive by 10.9% during the second quarter. Federated Hermes Inc. now owns 1,329,825 shares of the company’s stock valued at $12,753,000 after buying an additional 130,217 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth about $10,605,000. Institutional investors own 24.78% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RSI. Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Craig Hallum raised their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group lifted their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average price target of $14.00.

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.