Einar Roosileht Sells 70,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) 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 value of $816,900.00. Following the sale, the insider now owns 946,150 shares in the company, valued at $11,041,570.50. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 value of $1,008,700.00.
• 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 Price Performance

RSI stock opened at $11.67 on Thursday. 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 PE ratio of -583.70 and a beta of 1.92. The business has a 50 day simple moving average of $14.23 and a 200-day simple moving average of $12.34.

Wall Street Analysts Forecast Growth

RSI has been the topic of several recent analyst reports. Macquarie reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Jefferies Financial Group lifted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Finally, Wells Fargo & Company increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Buy” and an average price target of $15.50.

Institutional Trading of Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning purchased a new stake in shares of Rush Street Interactive in the third quarter valued at about $180,000. New York State Teachers Retirement System increased its holdings in shares of Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after buying an additional 1,020 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Rush Street Interactive by 656.2% during the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after buying an additional 67,388 shares during the period. Mesirow Financial Investment Management Inc. lifted its holdings 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 valued at $279,000 after acquiring an additional 1,745 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Rush Street Interactive during the third quarter worth $1,795,000. 24.78% of the stock is owned by institutional investors and hedge funds.

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.