Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) Director Judith Gold sold 118,001 shares of the business's 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 sale, the director now directly owns 21,999 shares in the company, valued at $298,086.45. The trade was a 84.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of RSI stock traded up $0.11 during trading hours on Tuesday, hitting $13.72. 1,524,933 shares of the company were exchanged, compared to its average volume of 1,675,926. The company has a 50 day simple moving average of $12.58 and a two-hundred day simple moving average of $10.79. The firm has a market cap of $3.10 billion, a P/E ratio of -686.00 and a beta of 1.88. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $14.92.
A number of equities analysts have recently commented on the stock. 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 report on Thursday, October 31st. Needham & Company LLC lifted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the stock a "buy" rating in a research report 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $12.43.
Read Our Latest Analysis on RSI
A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Rush Street Interactive by 155.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company's stock worth $2,880,000 after buying an additional 161,568 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Rush Street Interactive by 656.2% during 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. acquired a new position in shares of Rush Street Interactive during the third quarter worth approximately $901,000. Geode Capital Management LLC lifted its holdings in shares of Rush Street Interactive by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company's stock worth $18,843,000 after purchasing an additional 92,314 shares in the last quarter. Finally, Barclays PLC grew its position in Rush Street Interactive by 178.6% in the 3rd quarter. Barclays PLC now owns 192,628 shares of the company's stock valued at $2,090,000 after purchasing an additional 123,486 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.
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.
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