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

Key Points

• Einar Roosileht, an insider at Rush Street Interactive, sold 70,000 shares at an average price of $19.96, totaling approximately $1.4 million, resulting in a 7.40% decrease in his ownership stake.
• The stock is currently valued at $20.07 after trading down $0.41, with a market cap of $4.59 billion and a 12-month price range between $9.54 and $22.65.
• Rush Street Interactive reported earnings of $0.11 EPS for the last quarter, exceeding analyst expectations and marking a 22.2% year-over-year revenue growth.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) insider Einar Roosileht sold 70,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $19.96, for a total transaction of $1,397,200.00. Following the sale, the insider directly owned 876,150 shares of the company's stock, valued at approximately $17,487,954. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, September 2nd, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $21.47, for a total transaction of $1,502,900.00.
• 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.

Rush Street Interactive Stock Performance

RSI traded down $0.41 on Wednesday, reaching $20.07. 1,813,110 shares of the company's stock were exchanged, compared to its average volume of 1,679,033. The company's 50 day moving average is $20.10 and its 200-day moving average is $15.23. The company has a market cap of $4.59 billion, a price-to-earnings ratio of 100.34 and a beta of 1.90. Rush Street Interactive, Inc. has a twelve month low of $9.54 and a twelve month high of $22.65.

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. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%.The firm had revenue of $269.22 million during the quarter, compared to analysts' expectations of $248.98 million. During the same quarter in the prior year, the business earned $0.04 EPS. Rush Street Interactive's quarterly revenue was up 22.2% compared to the same quarter last year. Rush Street Interactive has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently made changes to their positions in RSI. Pacer Advisors Inc. lifted 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 worth $27,000 after purchasing an additional 1,232 shares during the last quarter. Summit Securities Group LLC bought a new position in Rush Street Interactive during the first quarter worth $33,000. Farther Finance Advisors LLC bought a new position in Rush Street Interactive during the second quarter worth $42,000. GAMMA Investing LLC lifted its stake in Rush Street Interactive by 1,687.6% during the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock worth $70,000 after purchasing an additional 6,143 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company's stock worth $73,000 after purchasing an additional 1,868 shares during the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 13th. Susquehanna reaffirmed a "positive" rating and issued a $19.00 price objective (up previously from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Needham & Company LLC increased their price objective on shares of Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. began coverage on Rush Street Interactive in a research note on Monday, June 23rd. They set a "neutral" rating and a $14.00 target price for the company. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Rush Street Interactive presently has a consensus rating of "Moderate Buy" and an average price target of $18.33.

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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