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 the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.41, for a total transaction of $1,008,700.00. Following the sale, the insider now directly owns 946,150 shares in the company, valued at approximately $13,634,021.50. This represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Price Performance

Shares of RSI opened at $14.36 on Friday. Rush Street Interactive, Inc. has a 12-month low of $5.22 and a 12-month high of $15.98. The firm’s 50 day moving average is $14.15 and its 200-day moving average is $11.77. The stock has a market capitalization of $3.24 billion, a P/E ratio of -717.75 and a beta of 1.88.

Wall Street Analyst Weigh In

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

Institutional Trading of Rush Street Interactive

Several institutional investors have recently made changes to their positions in RSI. Millennium Management LLC boosted its holdings in shares of Rush Street Interactive by 378.4% during the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock worth $5,951,000 after purchasing an additional 490,831 shares during the period. Caprock Group LLC acquired a new stake in Rush Street Interactive in the third quarter valued at approximately $4,178,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake 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 valued at $8,907,000 after acquiring an additional 344,276 shares during the last quarter. Algert Global LLC lifted its stake in Rush Street Interactive by 117.6% in the third quarter. Algert Global LLC now owns 510,361 shares of the company’s stock valued at $5,537,000 after acquiring an additional 275,788 shares during the last quarter. Finally, Millrace Asset Group Inc. acquired a new stake in Rush Street Interactive in the third quarter valued at approximately $2,135,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.