Judith Gold Sells 118,001 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

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

Rush Street Interactive Stock Up 0.8 %

Shares of NYSE RSI opened at $13.72 on Thursday. Rush Street Interactive, Inc. has a 52 week low of $3.56 and a 52 week high of $14.92. The firm’s fifty day moving average is $12.64 and its 200 day moving average is $10.82. The company has a market cap of $3.10 billion, a price-to-earnings ratio of -686.00 and a beta of 1.88.

Analyst Upgrades and Downgrades

RSI has been the topic of several research reports. Jefferies Financial Group lifted their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock 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 research note on Thursday, October 31st. 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 research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Rush Street Interactive has an average rating of “Moderate Buy” and a consensus target price of $12.43.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RSI. JPMorgan Chase & Co. boosted its holdings in Rush Street Interactive by 155.6% in the third quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company’s stock valued at $2,880,000 after acquiring an additional 161,568 shares in the last quarter. Principal Financial Group Inc. boosted 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 valued at $843,000 after acquiring an additional 67,388 shares in the last quarter. Franklin Resources Inc. bought a new stake in Rush Street Interactive in the third quarter valued at $901,000. Geode Capital Management LLC boosted its holdings in Rush Street Interactive by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock valued at $18,843,000 after acquiring an additional 92,314 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Rush Street Interactive by 178.6% in the third quarter. Barclays PLC now owns 192,628 shares of the company’s stock valued at $2,090,000 after acquiring an additional 123,486 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

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.