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 firm’s 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 completion of the transaction, the insider now owns 946,150 shares in the company, valued at approximately $13,634,021.50. The trade was a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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 Stock Performance

Shares of RSI stock opened at $14.93 on Wednesday. Rush Street Interactive, Inc. has a 1 year low of $5.22 and a 1 year high of $15.98. The firm has a market capitalization of $3.37 billion, a PE ratio of -746.65 and a beta of 1.88. The stock has a fifty day moving average of $14.14 and a two-hundred day moving average of $11.73.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Jefferies Financial Group lifted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Craig Hallum increased their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, 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 report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently bought and sold shares of RSI. Los Angeles Capital Management LLC increased its stake in Rush Street Interactive by 11.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 183,767 shares of the company’s stock valued at $2,521,000 after buying an additional 18,335 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Rush Street Interactive by 8.6% in the fourth quarter. Bank of New York Mellon Corp now owns 213,320 shares of the company’s stock valued at $2,927,000 after acquiring an additional 16,958 shares in the last quarter. IFP Advisors Inc acquired a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $436,000. Wealthspire Advisors LLC bought a new stake in Rush Street Interactive during the fourth quarter worth approximately $206,000. Finally, Ieq Capital LLC bought a new position in Rush Street Interactive during the 4th quarter valued at $616,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.