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 the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total transaction of $112,500.00. Following the completion of the sale, the insider now owns 139,387 shares in the company, valued at $2,090,805. This represents a 5.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 stock was sold at an average price of $14.00, for a total transaction 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 traded up $0.35 during trading hours on Wednesday, hitting $15.15. 2,255,432 shares of the company’s stock were exchanged, compared to its average volume of 1,914,881. The firm has a market capitalization of $3.42 billion, a P/E ratio of -757.50 and a beta of 1.88. The business’s 50 day moving average is $13.36 and its 200-day moving average is $11.16. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $15.68.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of RSI. New York State Teachers Retirement System increased its position in Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares during the last quarter. Quarry LP grew its stake in shares of Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after buying an additional 1,200 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of Rush Street Interactive by 7.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after buying an additional 1,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rush Street Interactive in the third quarter valued at approximately $44,000. Finally, The Manufacturers Life Insurance Company boosted its position in Rush Street Interactive by 25.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock worth $275,000 after purchasing an additional 5,840 shares during the period. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on RSI shares. Jefferies Financial Group boosted their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday. Craig Hallum lifted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $13.67.

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.