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

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) insider Einar Roosileht sold 70,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $14.77, for a total transaction of $1,033,900.00. Following the transaction, the insider owned 876,150 shares in the company, valued at approximately $12,940,735.50. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, June 2nd, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.47, for a total value of $872,900.00.
• On Thursday, May 1st, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.53, for a total value of $807,100.00.
• On Wednesday, April 23rd, Einar Roosileht sold 700 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.00, for a total value of $8,400.00.
• On Wednesday, April 9th, Einar Roosileht sold 9,300 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.00, for a total transaction of $111,600.00.

Rush Street Interactive Stock Performance

Rush Street Interactive stock traded down $0.47 on Friday, reaching $14.45. The company's stock had a trading volume of 721,910 shares, compared to its average volume of 1,764,417. The business's fifty day moving average price is $12.94 and its 200 day moving average price is $12.91. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 180.65 and a beta of 1.87. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $262.41 million for the quarter, compared to the consensus estimate of $258.90 million. Rush Street Interactive had a net margin of 0.87% and a return on equity of 7.35%. The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. As a group, equities analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Institutional Trading of Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its stake in shares of Rush Street Interactive by 1,617.7% in the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company's stock valued at $65,754,000 after buying an additional 5,776,660 shares during the period. Nuveen LLC bought a new position in Rush Street Interactive in the first quarter valued at about $29,005,000. Price T Rowe Associates Inc. MD increased its position in Rush Street Interactive by 7,958.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company's stock worth $27,843,000 after purchasing an additional 2,004,059 shares during the period. Topline Capital Management LLC bought a new stake in Rush Street Interactive during the 4th quarter worth about $24,851,000. Finally, William Blair Investment Management LLC bought a new stake in Rush Street Interactive during the 4th quarter worth about $21,635,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Rush Street Interactive in a research note on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price on the stock. Susquehanna upped their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. Jefferies Financial Group increased their target price on Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a research note on Thursday, May 1st. Finally, Benchmark increased their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $15.89.

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.