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 stock in a transaction dated 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 transaction, the insider now directly owns 946,150 shares in the company, valued at $13,634,021.50. This trade 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 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 stock was sold at an average price of $14.04, for a total value of $687,510.72.

Rush Street Interactive Trading Down 1.0 %

NYSE RSI opened at $14.77 on Thursday. The business has a fifty day simple moving average of $14.15 and a 200 day simple moving average of $11.75. Rush Street Interactive, Inc. has a 12 month low of $5.22 and a 12 month high of $15.98. The firm has a market capitalization of $3.33 billion, a P/E ratio of -738.25 and a beta of 1.88.

Analyst Ratings Changes

Several equities research analysts have recently commented on RSI shares. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC boosted their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group upped their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Finally, Craig Hallum lifted their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Rush Street Interactive has an average rating of “Moderate Buy” and an average target price of $14.00.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd purchased a new position in Rush Street Interactive during the fourth quarter worth about $28,000. Heck Capital Advisors LLC bought a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Rush Street Interactive in the 3rd quarter worth approximately $44,000. Point72 DIFC Ltd bought a new position in shares of Rush Street Interactive in the third quarter valued at approximately $70,000. Finally, New York State Teachers Retirement System increased its position in shares of 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 last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

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.