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

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 70,000 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $11.53, for a total transaction of $807,100.00. Following the transaction, the insider now owns 876,150 shares in the company, valued at $10,102,009.50. The trade was a 7.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 shares were 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 stock was 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 Stock Up 2.2 %

Shares of NYSE RSI opened at $11.75 on Thursday. Rush Street Interactive, Inc. has a 52-week low of $8.24 and a 52-week high of $16.78. The business’s 50 day moving average is $11.22 and its two-hundred day moving average is $12.66. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -587.50 and a beta of 1.88.

Rush Street Interactive (NYSE:RSI) last posted its 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 firm had revenue of $262.41 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. Analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on RSI. Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Macquarie restated an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a report on Friday, May 2nd. Benchmark upped their price objective on Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, February 28th. Finally, Susquehanna raised their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “positive” rating in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Legato Capital Management LLC acquired a new stake in Rush Street Interactive during the 4th quarter worth approximately $1,897,000. Oppenheimer & Co. Inc. purchased a new position in Rush Street Interactive in the fourth quarter valued at $337,000. Charles Schwab Investment Management Inc. grew its stake in Rush Street Interactive by 18.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 879,563 shares of the company’s stock worth $12,068,000 after purchasing an additional 137,701 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Rush Street Interactive by 155.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company’s stock worth $2,880,000 after purchasing an additional 161,568 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after purchasing an additional 67,388 shares in the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

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.