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

Key Points

• Einar Roosileht, an insider at Rush Street Interactive, sold 70,000 shares on September 2nd for approximately $1.5 million, reducing his ownership by 7.40% to 876,150 shares.
• Rush Street Interactive's stock saw a trading price of $21.33 as of mid-day Wednesday, with a 52-week range from $8.92 to $22.55 and a market cap of $4.87 billion.
• The company reported earnings of $0.11 per share for Q2, exceeding analyst expectations and reflecting a 22.2% increase in revenue compared to the previous year.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) insider Einar Roosileht sold 70,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $21.47, for a total transaction of $1,502,900.00. Following the completion of the sale, the insider directly owned 876,150 shares in the company, valued at $18,810,940.50. This trade represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, August 1st, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.95, for a total transaction of $1,326,500.00.
• On Tuesday, July 1st, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.77, for a total transaction of $1,033,900.00.

Rush Street Interactive Price Performance

Shares of RSI traded down $0.06 during mid-day trading on Wednesday, reaching $21.33. The stock had a trading volume of 2,264,668 shares, compared to its average volume of 1,391,481. Rush Street Interactive, Inc. has a 52-week low of $8.92 and a 52-week high of $22.55. The business's fifty day moving average is $17.58 and its 200 day moving average is $14.01. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 106.67 and a beta of 1.90.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $269.22 million during the quarter, compared to analyst estimates of $248.98 million. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. Rush Street Interactive's revenue was up 22.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RSI. Pacer Advisors Inc. boosted its stake in Rush Street Interactive by 94.7% during the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock valued at $27,000 after buying an additional 1,232 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Rush Street Interactive in the 1st quarter worth about $33,000. Heck Capital Advisors LLC purchased a new stake in Rush Street Interactive in the 4th quarter worth about $34,000. Farther Finance Advisors LLC purchased a new stake in Rush Street Interactive in the 2nd quarter worth about $42,000. Finally, GAMMA Investing LLC raised its stake 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 worth $70,000 after purchasing an additional 6,143 shares in the last quarter. Institutional investors own 24.78% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Benchmark upped their price target on Rush Street Interactive from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC upped their target price on Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Oppenheimer upped their target price on Rush Street Interactive from $16.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. assumed coverage on Rush Street Interactive in a research report on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.89.

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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