Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers Sells 15,983 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 15,983 shares of the firm’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $6.11, for a total value of $97,656.13. Following the completion of the transaction, the chief financial officer now owns 550,174 shares in the company, valued at $3,361,563.14. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Kyle Sauers also recently made the following trade(s):

• On Tuesday, March 19th, Kyle Sauers sold 21,362 shares of Rush Street Interactive stock. The stock was sold at an average price of $5.83, for a total value of $124,540.46.

Rush Street Interactive Price Performance

NYSE:RSI opened at $5.98 on Friday. The business’s 50-day simple moving average is $6.13 and its two-hundred day simple moving average is $4.96. Rush Street Interactive, Inc. has a 52 week low of $2.85 and a 52 week high of $7.31.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $193.85 million for the quarter, compared to analysts’ expectations of $181.50 million. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. As a group, analysts expect that Rush Street Interactive, Inc. will post -0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Needham & Company LLC raised their target price on Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Susquehanna reaffirmed a “neutral” rating and issued a $6.00 target price (up from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. Wells Fargo & Company raised their target price on Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Craig Hallum raised Rush Street Interactive from a “hold” rating to a “buy” rating and raised their target price for the stock from $7.00 to $8.00 in a report on Friday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.50.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in shares of Rush Street Interactive by 3,764.7% during the first quarter. Goldman Sachs Group Inc. now owns 4,365,196 shares of the company’s stock valued at $31,735,000 after purchasing an additional 4,252,245 shares in the last quarter. Canyon Capital Advisors LLC grew its position in shares of Rush Street Interactive by 66.5% during the first quarter. Canyon Capital Advisors LLC now owns 5,735,284 shares of the company’s stock valued at $17,837,000 after purchasing an additional 2,289,730 shares in the last quarter. FMR LLC grew its position in shares of Rush Street Interactive by 4,395.9% during the third quarter. FMR LLC now owns 1,888,355 shares of the company’s stock valued at $8,724,000 after purchasing an additional 1,846,353 shares in the last quarter. Morgan Stanley grew its position in shares of Rush Street Interactive by 459.9% during the fourth quarter. Morgan Stanley now owns 1,305,257 shares of the company’s stock valued at $4,686,000 after purchasing an additional 1,072,117 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Rush Street Interactive during the fourth quarter valued at about $3,831,000. 24.78% of the stock is owned by institutional investors.

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.