Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 149,605 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 149,605 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $14.61, for a total transaction of $2,185,729.05. Following the completion of the transaction, the chief executive officer now directly owns 2,151,648 shares of the company’s stock, valued at $31,435,577.28. This trade represents a 6.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Richard Todd Schwartz also recently made the following trade(s):

• On Friday, January 10th, Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.98, for a total value of $463,325.16.
• On Monday, December 9th, Richard Todd Schwartz sold 45,256 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.51, for a total value of $611,408.56.
• On Monday, November 18th, Richard Todd Schwartz sold 90,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.20, for a total transaction of $1,008,000.00.
• On Friday, November 15th, Richard Todd Schwartz sold 103,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.02, for a total transaction of $1,145,033.10.

Rush Street Interactive Price Performance

RSI traded down $0.60 on Friday, reaching $13.99. 1,924,139 shares of the stock were exchanged, compared to its average volume of 1,988,156. The company’s 50-day moving average price is $13.21 and its 200 day moving average price is $11.07. The firm has a market capitalization of $3.16 billion, a PE ratio of -699.50 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 $14.96.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RSI. Needham & Company LLC increased their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday. Finally, Craig Hallum upped their target price on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average target price of $12.43.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently modified their holdings of RSI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rush Street Interactive in the 3rd quarter worth approximately $44,000. Point72 DIFC Ltd purchased a new stake in shares of Rush Street Interactive in the 3rd quarter valued at $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 period. 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 purchasing an additional 1,200 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in Rush Street Interactive during 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.