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

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

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 value of $393,050.00.

Rush Street Interactive Trading Down 2.1 %

NYSE RSI opened at $14.21 on Friday. The stock has a market cap of $3.21 billion, a P/E ratio of -710.50 and a beta of 1.78. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $14.60. The company has a fifty day simple moving average of $11.20 and a two-hundred day simple moving average of $9.98.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive during the 3rd quarter valued at about $44,000. Point72 DIFC Ltd purchased a new stake in Rush Street Interactive in the third quarter valued at approximately $70,000. New York State Teachers Retirement System boosted its position in Rush Street Interactive by 17.2% in the third 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. Quarry LP increased its holdings in Rush Street Interactive by 15.9% in the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after buying an additional 1,200 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in Rush Street Interactive during the 2nd quarter worth approximately $98,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on RSI. Jefferies Financial Group boosted their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Craig Hallum lifted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer increased their price objective on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Rush Street Interactive presently has an average rating of “Moderate Buy” and a consensus target price of $12.43.

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.