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

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 70,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.67, for a total transaction of $816,900.00. Following the transaction, the insider now directly owns 946,150 shares in the company, valued at $11,041,570.50. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, February 3rd, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.41, for a total transaction of $1,008,700.00.
• On Thursday, January 2nd, Einar Roosileht sold 48,968 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.04, for a total transaction of $687,510.72.

Rush Street Interactive Price Performance

Shares of RSI stock opened at $11.67 on Thursday. The business has a fifty day moving average of $14.23 and a 200 day moving average of $12.34. Rush Street Interactive, Inc. has a 1 year low of $5.22 and a 1 year high of $16.78. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -583.70 and a beta of 1.92.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in Rush Street Interactive by 7,958.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock worth $27,843,000 after buying an additional 2,004,059 shares during the last quarter. Topline Capital Management LLC purchased a new position in shares of Rush Street Interactive during the 4th quarter valued at about $24,851,000. William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter valued at about $21,635,000. Nicholas Investment Partners LP purchased a new stake in shares of Rush Street Interactive in the fourth quarter worth about $14,970,000. Finally, Vanguard Group Inc. grew its holdings in Rush Street Interactive by 14.0% during the fourth quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock worth $117,943,000 after acquiring an additional 1,056,583 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the topic of a number of analyst reports. Macquarie reiterated an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. Benchmark boosted their price objective on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $15.50.

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.