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 Rush Street Interactive 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 completion of the transaction, the insider now 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 Securities & Exchange Commission, which is available at this link.

Rush Street Interactive Price Performance

NYSE:RSI opened at $14.25 on Friday. The stock has a market cap of $3.22 billion, a PE ratio of -712.50 and a beta of 1.88. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $14.92. The stock’s 50-day moving average is $12.84 and its two-hundred day moving average is $10.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive in 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 stake in shares of 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 worth $75,000 after acquiring an additional 1,020 shares during the last quarter. Quarry LP raised its holdings in shares of Rush Street Interactive by 15.9% during the second quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in Rush Street Interactive during the second quarter valued at $98,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.