Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells $687,510.72 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) insider Einar Roosileht sold 48,968 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total transaction of $687,510.72. Following the transaction, the insider now directly owns 830,292 shares in the company, valued at $11,657,299.68. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Rush Street Interactive Trading Up 3.7 %

Shares of RSI traded up $0.51 during mid-day trading on Friday, hitting $14.25. The company’s stock had a trading volume of 1,592,737 shares, compared to its average volume of 2,006,019. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $14.92. The firm has a market capitalization of $3.22 billion, a P/E ratio of -712.50 and a beta of 1.88. The firm has a 50-day simple moving average of $12.76 and a 200 day simple moving average of $10.86.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on RSI. Craig Hallum raised their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC lifted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their target price on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.43.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of RSI. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rush Street Interactive during the 3rd quarter worth approximately $44,000. Point72 DIFC Ltd purchased a new stake in Rush Street Interactive during the third quarter worth $70,000. New York State Teachers Retirement System grew its holdings in Rush Street Interactive by 17.2% in the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after purchasing an additional 1,020 shares during the last quarter. Quarry LP grew its holdings in Rush Street Interactive by 15.9% in the second quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Rush Street Interactive in the second quarter valued at $98,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.