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 the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total transaction of $112,500.00. Following the sale, the insider now directly owns 139,387 shares of the company’s stock, 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 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 transaction of $393,050.00.

Rush Street Interactive Price Performance

NYSE:RSI opened at $14.91 on Friday. The firm has a market capitalization of $3.36 billion, a P/E ratio of -745.25 and a beta of 1.88. The business has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $11.19. Rush Street Interactive, Inc. has a 12-month low of $3.85 and a 12-month high of $15.68.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Rush Street Interactive in the 3rd quarter worth about $44,000. Point72 DIFC Ltd acquired a new stake in shares of Rush Street Interactive in the third quarter valued at approximately $70,000. New York State Teachers Retirement System raised its holdings in shares of 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 valued at $75,000 after buying an additional 1,020 shares during the last quarter. Quarry LP raised its holdings in shares of Rush Street Interactive by 15.9% during the second 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 last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Rush Street Interactive during the second quarter worth approximately $98,000. 24.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RSI has been the subject of a number of research reports. Craig Hallum lifted their price target 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. Jefferies Financial Group lifted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC upped their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently 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.