Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) Insider Sells 48,968 Shares of 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 value of $687,510.72. Following the sale, the insider now directly owns 830,292 shares of the company’s stock, valued at approximately $11,657,299.68. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Rush Street Interactive Price Performance

NYSE RSI opened at $14.25 on Monday. The company has a market cap of $3.22 billion, a P/E ratio of -712.50 and a beta of 1.88. The stock has a 50-day moving average of $12.84 and a two-hundred day moving average of $10.91. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $14.92.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Rush Street Interactive during the 3rd quarter worth approximately $44,000. Point72 DIFC Ltd acquired a new position in shares of Rush Street Interactive in the third quarter worth $70,000. New York State Teachers Retirement System increased its position in shares of Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after acquiring an additional 1,020 shares during the period. Quarry LP raised its stake in shares of 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 acquiring an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake 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.

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.