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

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 value of $2,185,729.05. Following the transaction, the chief executive officer now owns 2,151,648 shares in the company, valued at $31,435,577.28. The trade was a 6.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 shares were 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 stock was sold at an average price of $13.51, for a total transaction 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 value of $1,008,000.00.
• On Friday, November 15th, Richard Todd Schwartz sold 103,905 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.02, for a total value of $1,145,033.10.

Rush Street Interactive Trading Down 4.1 %

Shares of NYSE:RSI opened at $13.99 on Friday. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $14.96. The stock’s 50-day moving average price is $13.21 and its two-hundred day moving average price is $11.08. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -699.50 and a beta of 1.88.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds have recently modified their holdings of RSI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rush Street Interactive during the third quarter worth approximately $44,000. Point72 DIFC Ltd purchased a new stake in shares of Rush Street Interactive during the 3rd quarter valued at $70,000. New York State Teachers Retirement System increased its holdings in shares of Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after buying an additional 1,020 shares during the last quarter. Quarry LP raised its position in shares of Rush Street Interactive by 15.9% in the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after buying an additional 1,200 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in Rush Street Interactive in the second quarter valued at $98,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RSI shares. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Needham & Company LLC boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a 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 research note on Thursday, October 31st. Finally, Craig Hallum boosted their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus price target 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.