Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) Director Sells 118,001 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) Director Judith Gold sold 118,001 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $13.55, for a total value of $1,598,913.55. Following the sale, the director now directly owns 21,999 shares of the company’s stock, valued at approximately $298,086.45. This trade represents a 84.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $13.74 on Friday. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.92. The stock has a market capitalization of $3.10 billion, a P/E ratio of -687.00 and a beta of 1.88. The company’s 50-day moving average is $12.76 and its 200 day moving average is $10.86.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on RSI shares. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Craig Hallum raised their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RSI. Millrace Asset Group Inc. purchased a new position in shares of Rush Street Interactive in the 3rd quarter valued at approximately $2,135,000. Principal Financial Group Inc. raised its holdings in Rush Street Interactive by 656.2% in the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after purchasing an additional 67,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Rush Street Interactive by 72.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock valued at $8,907,000 after buying an additional 344,276 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter valued at $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Rush Street Interactive in the 3rd quarter worth about $656,000. 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.