Einar Roosileht Sells 9,300 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 9,300 shares of the company’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $12.00, for a total transaction of $111,600.00. Following the sale, the insider now directly owns 946,850 shares of the company’s stock, valued at $11,362,200. This represents a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, April 1st, Einar Roosileht sold 60,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $10.69, for a total value of $641,400.00.
• 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 value of $1,008,700.00.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI traded down $0.33 during trading on Thursday, hitting $11.29. 1,711,695 shares of the stock were exchanged, compared to its average volume of 1,892,985. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of -564.35 and a beta of 1.90. Rush Street Interactive, Inc. has a 1-year low of $5.71 and a 1-year high of $16.78. The company’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $12.54.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers boosted its position in Rush Street Interactive by 4.6% in the first quarter. Rhumbline Advisers now owns 108,193 shares of the company’s stock valued at $1,160,000 after buying an additional 4,767 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Rush Street Interactive by 1,687.6% in the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company’s stock valued at $70,000 after acquiring an additional 6,143 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of 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 worth $1,010,000 after acquiring an additional 5,510 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Rush Street Interactive during the 4th quarter worth approximately $200,000. Finally, Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Benchmark lifted their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $15.50.

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.