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Einar Roosileht, Chief Information Officer at Rush Street Interactive, Inc. (NYSE:RSI), recently executed a significant stock sale. According to the latest SEC filing, Roosileht sold 60,000 shares of Class A Common Stock on April 1, 2025, at an average price of approximately $10.6853 per share, amounting to a total transaction value of $641,118. The transaction comes as RSI’s stock has shown remarkable strength, delivering a 57.37% return over the past year, according to InvestingPro data.
This transaction was part of a pre-arranged 10b5-1 plan, which Roosileht established on September 27, 2024. The shares were sold in multiple transactions, with prices ranging from $10.47 to $10.88 per share.
In addition to the sale, Roosileht also exchanged 70,000 Class A Common Stock Units for an equivalent number of Class A Common Stock shares, with an equivalent number of Class V Voting Stock being canceled. This exchange did not involve any monetary transaction, reflecting a strategic adjustment in Roosileht’s holdings.
Following these transactions, Roosileht holds a total of 956,150 shares of Class A Common Stock directly. The Class V Voting Stock, which provides no economic rights, allows holders to vote as common stockholders, aligning the number of votes with the shares held. Based on InvestingPro’s Fair Value analysis, RSI currently appears undervalued, with 12 additional exclusive insights available to subscribers ahead of the company’s next earnings report on April 30, 2025.
In other recent news, Rush Street Interactive (RSI) reported impressive fourth-quarter 2024 earnings, exceeding Wall Street expectations with an earnings per share (EPS) of $0.07, compared to the forecasted $0.05. The company also reported a revenue of $254.2 million, surpassing the anticipated $243.83 million, marking a 31% year-over-year increase. This strong performance was bolstered by a significant rise in adjusted EBITDA, which increased 2.5 times from the previous year. Benchmark analysts responded by raising their price target for Rush Street Interactive shares to $14, maintaining a Buy rating due to the company’s record-breaking quarter and strategic initiatives.
Additionally, Susquehanna analyst Joseph Stauff upgraded the company’s stock from Neutral to Positive, citing the company’s strategic value and growth potential, particularly in North American iCasino markets. Stauff set a price target of $14.00, noting the company’s potential upside with the possibility of iCasino legalization in more states. Despite challenges in the Colombian market, Rush Street Interactive’s operational agility and technology-driven approach are expected to mitigate potential regulatory obstacles. These developments reflect a positive outlook for Rush Street Interactive as it continues to capitalize on growth opportunities and navigate regulatory landscapes.
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