Richard Todd Schwartz Sells 109,567 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 109,567 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $9.85, for a total transaction of $1,079,234.95. Following the transaction, the chief executive officer now owns 2,082,376 shares of the company’s stock, valued at approximately $20,511,403.60. This represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 10th, Richard Todd Schwartz sold 133,905 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.22, for a total value of $1,904,129.10.
• On Monday, January 13th, Richard Todd Schwartz sold 4,419 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.75, for a total value of $60,761.25.
• On Friday, January 10th, Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.98, for a total value of $463,325.16.
• On Wednesday, January 8th, Richard Todd Schwartz sold 149,605 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.61, for a total value of $2,185,729.05.

Rush Street Interactive Stock Up 4.5 %

NYSE RSI opened at $10.54 on Thursday. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -526.75 and a beta of 1.92. Rush Street Interactive, Inc. has a twelve month low of $5.71 and a twelve month high of $16.78. The stock has a fifty day simple moving average of $13.89 and a 200 day simple moving average of $12.37.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Millrace Asset Group Inc. bought a new stake in Rush Street Interactive in the third quarter valued at approximately $2,135,000. Principal Financial Group Inc. lifted its position in shares of Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after purchasing an additional 67,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Rush Street Interactive by 72.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock valued at $8,907,000 after purchasing an additional 344,276 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Rush Street Interactive in the 3rd quarter valued at $656,000. Finally, Legato Capital Management LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth $1,897,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Benchmark lifted their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, February 28th. Jefferies Financial Group boosted their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Wells Fargo & Company raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. Finally, Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Rush Street Interactive presently has an average rating of “Buy” and a consensus target price of $15.50.

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.