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 Rush Street Interactive stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.41, for a total value of $1,008,700.00. Following the completion of the transaction, the insider now directly owns 946,150 shares in the company, valued at $13,634,021.50. This represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $687,510.72.

Rush Street Interactive Price Performance

NYSE:RSI opened at $14.93 on Wednesday. The firm has a 50-day moving average of $14.14 and a two-hundred day moving average of $11.73. The stock has a market cap of $3.37 billion, a P/E ratio of -746.65 and a beta of 1.88. Rush Street Interactive, Inc. has a 1-year low of $5.22 and a 1-year high of $15.98.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. R Squared Ltd acquired a new position in Rush Street Interactive during the 4th quarter worth $28,000. Heck Capital Advisors LLC bought a new position in shares of Rush Street Interactive during the fourth quarter worth about $34,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rush Street Interactive in the third quarter worth about $44,000. Point72 DIFC Ltd bought a new stake in Rush Street Interactive in the third quarter valued at about $70,000. Finally, New York State Teachers Retirement System increased its holdings in Rush Street Interactive by 17.2% in the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after buying an additional 1,020 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

RSI has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Needham & Company LLC increased their price target on Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, January 17th. Craig Hallum boosted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.