Kyle Sauers Sells 15,983 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CFO Kyle Sauers sold 15,983 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were sold at an average price of $6.11, for a total transaction of $97,656.13. Following the transaction, the chief financial officer now owns 550,174 shares of the company’s stock, valued at approximately $3,361,563.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kyle Sauers also recently made the following trade(s):

• On Tuesday, March 19th, Kyle Sauers sold 21,362 shares of Rush Street Interactive stock. The shares were sold at an average price of $5.83, for a total transaction of $124,540.46.

Rush Street Interactive Price Performance

Shares of RSI traded down $0.18 during mid-day trading on Friday, hitting $5.98. 1,270,759 shares of the company’s stock were exchanged, compared to its average volume of 1,213,334. The company has a 50-day simple moving average of $6.13 and a 200 day simple moving average of $4.96. The company has a market cap of $1.33 billion, a PE ratio of -22.13 and a beta of 1.71. Rush Street Interactive, Inc. has a 52 week low of $2.85 and a 52 week high of $7.31.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, March 6th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Rush Street Interactive had a negative net margin of 2.65% and a negative return on equity of 28.95%. The business had revenue of $193.85 million during the quarter, compared to the consensus estimate of $181.50 million. On average, analysts anticipate that Rush Street Interactive, Inc. will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Rush Street Interactive by 3,764.7% during the first quarter. Goldman Sachs Group Inc. now owns 4,365,196 shares of the company’s stock worth $31,735,000 after buying an additional 4,252,245 shares in the last quarter. Canyon Capital Advisors LLC increased its position in shares of Rush Street Interactive by 66.5% during the first quarter. Canyon Capital Advisors LLC now owns 5,735,284 shares of the company’s stock valued at $17,837,000 after acquiring an additional 2,289,730 shares during the last quarter. FMR LLC boosted its holdings in shares of Rush Street Interactive by 4,395.9% in the 3rd quarter. FMR LLC now owns 1,888,355 shares of the company’s stock worth $8,724,000 after buying an additional 1,846,353 shares during the last quarter. Morgan Stanley grew its holdings in Rush Street Interactive by 459.9% during the fourth quarter. Morgan Stanley now owns 1,305,257 shares of the company’s stock valued at $4,686,000 after purchasing an additional 1,072,117 shares during the period. Finally, Norges Bank bought a new position in Rush Street Interactive in the 4th quarter worth approximately $3,831,000. 24.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Craig Hallum upgraded Rush Street Interactive from a “hold” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $8.00 in a report on Friday. Susquehanna reiterated a “neutral” rating and issued a $6.00 price objective (up from $5.00) on shares of Rush Street Interactive in a research report on Monday, March 4th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research note on Friday, March 8th. Wells Fargo & Company upped their price target on shares of Rush Street Interactive from $7.00 to $8.00 and gave the company an “overweight” rating in a report on Thursday, March 7th. Finally, Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.50.

About Rush Street Interactive

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.