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

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) insider Einar Roosileht sold 48,968 shares of Rush Street Interactive stock in a transaction that occurred 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 sale, the insider now directly owns 830,292 shares in the company, valued at approximately $11,657,299.68. The trade was a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Rush Street Interactive Stock Up 3.7 %

Shares of NYSE RSI traded up $0.51 during trading hours on Friday, hitting $14.25. 1,592,737 shares of the stock were exchanged, compared to its average volume of 2,006,019. The firm has a fifty day moving average price of $12.84 and a 200-day moving average price of $10.90. The company 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 12 month low of $3.56 and a 12 month high of $14.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in Rush Street Interactive by 40.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 252,514 shares of the company's stock worth $2,422,000 after acquiring an additional 72,831 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Rush Street Interactive in the second quarter valued at approximately $98,000. Rhumbline Advisers increased its holdings in Rush Street Interactive by 26.6% in the 2nd quarter. Rhumbline Advisers now owns 100,476 shares of the company's stock worth $964,000 after buying an additional 21,106 shares during the period. Acadian Asset Management LLC purchased a new position in Rush Street Interactive during the 2nd quarter worth approximately $587,000. Finally, Quest Partners LLC acquired a new stake in Rush Street Interactive during the 2nd quarter valued at approximately $388,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on RSI shares. Needham & Company LLC increased 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. Craig Hallum upped their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the stock 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 assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.