Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells $1,008,700.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 70,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $14.41, for a total transaction of $1,008,700.00. Following the completion of the sale, the insider now owns 946,150 shares of the company’s stock, valued at $13,634,021.50. This trade represents a 6.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 Trading Down 2.7 %

Shares of RSI stock opened at $14.36 on Friday. Rush Street Interactive, Inc. has a 1 year low of $5.22 and a 1 year high of $15.98. The firm’s fifty day simple moving average is $14.15 and its 200 day simple moving average is $11.77. The firm has a market capitalization of $3.24 billion, a P/E ratio of -717.75 and a beta of 1.88.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently bought and sold shares of RSI. R Squared Ltd bought a new position in Rush Street Interactive during the fourth quarter worth $28,000. Heck Capital Advisors LLC bought a new position in Rush Street Interactive during the fourth quarter worth $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rush Street Interactive during the third quarter worth $44,000. Point72 DIFC Ltd bought a new position in Rush Street Interactive during the third quarter worth $70,000. Finally, New York State Teachers Retirement System increased its position in Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after acquiring an additional 1,020 shares during the period. Institutional investors own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Craig Hallum lifted 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. Jefferies Financial Group lifted their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.00.

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.