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 business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.41, for a total value of $1,008,700.00. Following the sale, the insider now owns 946,150 shares in the company, valued at $13,634,021.50. This represents a 6.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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 value of $687,510.72.

Rush Street Interactive Stock Performance

Shares of NYSE RSI opened at $14.77 on Thursday. Rush Street Interactive, Inc. has a 52-week low of $5.22 and a 52-week high of $15.98. The company’s 50 day moving average price is $14.15 and its 200-day moving average price is $11.75. The company has a market capitalization of $3.33 billion, a P/E ratio of -738.25 and a beta of 1.88.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Rush Street Interactive by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock worth $18,843,000 after acquiring an additional 92,314 shares in the last quarter. State Street Corp grew its stake in Rush Street Interactive by 3.6% during the third quarter. State Street Corp now owns 1,612,892 shares of the company’s stock worth $17,500,000 after purchasing an additional 55,697 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Rush Street Interactive by 72.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock worth $8,907,000 after purchasing an additional 344,276 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Rush Street Interactive by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 741,862 shares of the company’s stock valued at $8,049,000 after buying an additional 154,785 shares during the period. Finally, Millennium Management LLC lifted its stake in Rush Street Interactive by 378.4% in the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after buying an additional 490,831 shares during the period. Institutional investors and hedge funds 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.