Einar Roosileht Sells 60,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 60,000 shares of Rush Street Interactive stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $10.69, for a total value of $641,400.00. Following the transaction, the insider now owns 956,150 shares of the company’s stock, valued at $10,221,243.50. This trade represents a 5.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, March 3rd, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.67, for a total transaction of $816,900.00.
• On Monday, February 3rd, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.41, for a total transaction of $1,008,700.00.

Rush Street Interactive Stock Down 5.4 %

Shares of NYSE:RSI traded down $0.62 during trading on Thursday, hitting $10.75. 1,642,830 shares of the stock traded hands, compared to its average volume of 1,880,625. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -537.55 and a beta of 1.92. The company has a fifty day moving average price of $12.77 and a two-hundred day moving average price of $12.53. Rush Street Interactive, Inc. has a 52-week low of $5.71 and a 52-week high of $16.78.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Benchmark lifted their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Macquarie reissued an “outperform” rating and issued a $16.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Jefferies Financial Group increased their target price on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One investment 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $15.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its holdings in Rush Street Interactive by 8.1% in the 4th quarter. California State Teachers Retirement System now owns 73,625 shares of the company’s stock valued at $1,010,000 after buying an additional 5,510 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Rush Street Interactive in the fourth quarter valued at $200,000. Heck Capital Advisors LLC purchased a new position in Rush Street Interactive during the fourth quarter worth about $34,000. Mackenzie Financial Corp acquired a new position in Rush Street Interactive during the fourth quarter worth about $1,123,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Rush Street Interactive in the 4th quarter worth about $400,000. Hedge funds and other institutional investors 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.