Einar Roosileht Sells 60,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 60,000 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $10.69, for a total value of $641,400.00. Following the transaction, the insider now directly owns 956,150 shares in the company, valued at approximately $10,221,243.50. The trade was a 5.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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.
• On Monday, February 3rd, Einar Roosileht sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.41, for a total transaction of $1,008,700.00.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $10.25 on Friday. The stock has a market capitalization of $2.34 billion, a PE ratio of -512.35 and a beta of 1.90. Rush Street Interactive, Inc. has a one year low of $5.71 and a one year high of $16.78. The business’s fifty day moving average price is $12.62 and its 200-day moving average price is $12.52.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Rush Street Interactive by 7,958.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock valued at $27,843,000 after buying an additional 2,004,059 shares in the last quarter. Topline Capital Management LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter worth $24,851,000. William Blair Investment Management LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter worth $21,635,000. Nicholas Investment Partners LP bought a new position in shares of Rush Street Interactive in the fourth quarter worth $14,970,000. Finally, Vanguard Group Inc. grew its position in shares of 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 purchasing an additional 1,056,583 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RSI shares. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Jefferies Financial Group lifted their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Benchmark upped their price objective on Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company raised their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $15.50.

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.