Einar Roosileht Sells 70,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Key Points

• Einar Roosileht sold 70,000 shares of Rush Street Interactive at an average price of $18.95, totaling $1,326,500, which represents a 7.40% decrease in his ownership.
• Rush Street Interactive's recent quarterly earnings topped expectations with $0.11 earnings per share and revenue of $269.22 million, up 22.2% year-over-year.
• Several Wall Street analysts have recently adjusted their ratings, with prices ranging from $14.00 to $21.00, indicating a consensus rating of "Moderate Buy" for the stock.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) insider Einar Roosileht sold 70,000 shares of Rush Street Interactive stock in a transaction on Friday, August 1st. The shares were sold at an average price of $18.95, for a total transaction of $1,326,500.00. Following the completion of the transaction, the insider directly owned 876,150 shares in the company, valued at $16,603,042.50. The trade was a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, July 1st, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.77, for a total transaction of $1,033,900.00.
• On Monday, June 2nd, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.47, for a total transaction of $872,900.00.

Rush Street Interactive Stock Performance

RSI traded down $0.81 on Friday, reaching $19.35. 4,670,008 shares of the company's stock were exchanged, compared to its average volume of 1,725,572. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 106.11 and a beta of 1.89. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $20.32. The company's 50 day moving average is $14.25 and its 200-day moving average is $13.10.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $269.22 million during the quarter, compared to analysts' expectations of $248.98 million. Rush Street Interactive had a return on equity of 17.77% and a net margin of 2.48%. Rush Street Interactive's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS. Sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

RSI has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on shares of Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Susquehanna reiterated a "positive" rating and issued a $19.00 price objective (up from $15.00) on shares of Rush Street Interactive in a research report on Wednesday. JPMorgan Chase & Co. began coverage on shares of Rush Street Interactive in a research report on Monday, June 23rd. They set a "neutral" rating and a $14.00 target price on the stock. Wall Street Zen upgraded shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Friday, July 18th. Finally, Needham & Company LLC boosted their price objective on shares of Rush Street Interactive from $17.00 to $21.00 and gave the stock a "buy" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Rush Street Interactive currently has a consensus rating of "Moderate Buy" and an average target price of $17.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RSI. Bank of America Corp DE lifted its holdings in shares of Rush Street Interactive by 28.0% during the 4th quarter. Bank of America Corp DE now owns 563,769 shares of the company's stock valued at $7,735,000 after buying an additional 123,305 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Rush Street Interactive by 72.6% during the 1st quarter. Assenagon Asset Management S.A. now owns 542,376 shares of the company's stock valued at $5,814,000 after buying an additional 228,187 shares during the last quarter. Calamos Advisors LLC lifted its holdings in shares of Rush Street Interactive by 17.9% during the 1st quarter. Calamos Advisors LLC now owns 540,008 shares of the company's stock valued at $5,789,000 after buying an additional 82,067 shares during the last quarter. Two Sigma Investments LP acquired a new stake in shares of Rush Street Interactive during the 4th quarter valued at about $783,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Rush Street Interactive by 1,687.6% during the 1st quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock valued at $70,000 after buying an additional 6,143 shares during the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

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.

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