Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells $807,100.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) insider Einar Roosileht sold 70,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $11.53, for a total transaction of $807,100.00. Following the sale, the insider now owns 876,150 shares of the company's stock, valued at $10,102,009.50. This represents a 7.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $8,400.00.
• On Wednesday, April 9th, Einar Roosileht sold 9,300 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.00, for a total value of $111,600.00.
• On Tuesday, April 1st, Einar Roosileht sold 60,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $10.69, for a total value of $641,400.00.
• On Monday, March 3rd, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.67, for a total value of $816,900.00.

Rush Street Interactive Price Performance

NYSE RSI traded up $0.21 on Monday, hitting $11.86. 1,674,316 shares of the company's stock were exchanged, compared to its average volume of 1,886,844. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of -593.00 and a beta of 1.88. The firm's 50-day moving average price is $11.24 and its two-hundred day moving average price is $12.67. Rush Street Interactive, Inc. has a fifty-two week low of $7.91 and a fifty-two week high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $262.41 million during the quarter, compared to analysts' expectations of $258.90 million. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. Rush Street Interactive's revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. On average, research analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of Rush Street Interactive

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Rush Street Interactive by 14.0% in the fourth quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company's stock valued at $117,943,000 after buying an additional 1,056,583 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Rush Street Interactive by 62.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company's stock valued at $36,540,000 after purchasing an additional 1,018,889 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in Rush Street Interactive by 56.6% during the fourth quarter. Driehaus Capital Management LLC now owns 2,200,517 shares of the company's stock worth $30,191,000 after purchasing an additional 795,719 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Rush Street Interactive by 7,958.9% during 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 in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Rush Street Interactive by 43.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company's stock valued at $26,924,000 after purchasing an additional 598,300 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company's stock.

Analysts Set New Price Targets

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 $16.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Benchmark upped their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 28th. Needham & Company LLC restated a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday. JMP Securities reaffirmed a "market perform" rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, Macquarie reissued an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a report on Friday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Rush Street Interactive presently has an average rating of "Moderate Buy" and a consensus target price of $15.63.

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.

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