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 business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $11.53, for a total transaction of $807,100.00. Following the sale, the insider now owns 876,150 shares of the company’s stock, valued at approximately $10,102,009.50. The trade was a 7.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, April 23rd, Einar Roosileht sold 700 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.00, for a total transaction of $8,400.00.
• On Wednesday, April 9th, Einar Roosileht sold 9,300 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.00, for a total transaction of $111,600.00.
• 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 value of $816,900.00.

Rush Street Interactive Stock Up 1.8 %

RSI stock opened at $11.86 on Tuesday. The company has a market cap of $2.70 billion, a P/E ratio of -593.00 and a beta of 1.88. Rush Street Interactive, Inc. has a twelve month low of $7.91 and a twelve month high of $16.78. The business has a fifty day moving average of $11.21 and a 200-day moving average of $12.68.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The company had revenue of $262.41 million during the quarter, compared to analyst estimates of $258.90 million. During the same quarter in the previous year, the business earned $0.03 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd bought a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive in the 4th quarter worth about $34,000. WealthTrak Capital Management LLC bought a new position in Rush Street Interactive during the 4th quarter worth $71,000. GAMMA Investing LLC increased its position 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 worth $70,000 after purchasing an additional 6,143 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter valued at approximately $95,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Benchmark boosted their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, February 28th. Wells Fargo & Company raised their target price 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 restated a “buy” rating and issued a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, May 1st. Jefferies Financial Group boosted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus price target of $15.63.

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.