Nucor earnings beat by $0.08, revenue fell short of estimates
Einar Roosileht, Chief Information Officer of Rush Street Interactive, Inc. (NYSE:RSI), recently sold 70,000 shares of the company’s Class A common stock. The shares were sold at an average price of $14.4062 per share, resulting in a total transaction value of approximately $1,008,434. This transaction was conducted as part of a pre-established 10b5-1 trading plan dated September 27, 2024. The sale comes amid RSI’s impressive 176% stock price surge over the past year, with shares currently trading at $14.91.
The sale follows a conversion of 70,000 Class A Common Stock Units into an equivalent number of Class A Common Stock shares. Concurrently, 70,000 shares of Class V Voting Stock, which carry no economic rights but provide voting rights equivalent to common stock, were canceled. According to InvestingPro analysis, RSI shows promising potential with 14+ additional exclusive insights available to subscribers, including detailed valuation metrics and growth forecasts.
After the transactions, Roosileht holds 946,150 shares of Class A common stock in the $1.33 billion market cap company. Based on InvestingPro’s Fair Value analysis, RSI currently appears slightly undervalued, suggesting potential upside for investors.
In other recent news, Rush Street Interactive is undergoing significant changes. The company recently announced the planned departure of its Chief Information Officer, Einar Roosileht, no later than December 31, 2025. A comprehensive search for Roosileht’s replacement has been initiated through a global executive search firm. These are among the recent developments at Rush Street Interactive.
In addition, the company has been reiterated at Buy by Needham analysts, who have increased their price target on the company’s shares to $17, up from the previous $15. This adjustment follows discussions with the company’s top executives at the Needham Growth Conference. The analysts cited Rush Street Interactive’s relative insulation from online sports betting headwinds and its broader geographic diversification as reasons for their confidence in the company’s performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.