Rush Street Interactive, Inc. (NYSE:RSI) Insider Einar Roosileht Sells 70,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $14.41, for a total transaction of $1,008,700.00. Following the completion of the transaction, the insider now directly owns 946,150 shares of the company’s stock, valued at approximately $13,634,021.50. This represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Einar Roosileht also recently made the following trade(s):

• On Thursday, January 2nd, Einar Roosileht sold 48,968 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.04, for a total value of $687,510.72.

Rush Street Interactive Stock Performance

Shares of NYSE RSI traded up $0.49 during midday trading on Tuesday, hitting $14.93. 5,647,429 shares of the company’s stock traded hands, compared to its average volume of 1,846,469. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of -746.65 and a beta of 1.88. The firm has a fifty day moving average of $14.13 and a 200 day moving average of $11.69. Rush Street Interactive, Inc. has a 1 year low of $5.22 and a 1 year high of $15.98.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System raised its holdings 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 valued at $75,000 after acquiring an additional 1,020 shares during the period. Exchange Traded Concepts LLC grew its holdings in shares of Rush Street Interactive by 0.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock valued at $3,572,000 after purchasing an additional 1,087 shares in the last quarter. Mesirow Financial Investment Management Inc. increased its position in Rush Street Interactive by 7.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after purchasing an additional 1,745 shares during the last quarter. R Squared Ltd bought a new position in Rush Street Interactive during the fourth quarter valued at $28,000. Finally, Rhumbline Advisers grew its stake in shares of Rush Street Interactive by 2.4% in the 4th quarter. Rhumbline Advisers now owns 103,426 shares of the company’s stock worth $1,419,000 after buying an additional 2,457 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the topic of a number of analyst reports. Needham & Company LLC lifted their price target on Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Craig Hallum raised 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. Finally, Jefferies Financial Group upped their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.