Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 106,952 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 106,952 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $11.86, for a total transaction of $1,268,450.72. Following the transaction, the chief executive officer now directly owns 1,492,234 shares in the company, valued at approximately $17,697,895.24. The trade was a 6.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, April 8th, Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $10.63, for a total transaction of $2,061,210.15.
• On Monday, March 10th, Richard Todd Schwartz sold 109,567 shares of Rush Street Interactive stock. The stock was sold at an average price of $9.85, for a total value of $1,079,234.95.
• 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.

Rush Street Interactive Trading Down 0.2 %

Rush Street Interactive stock opened at $11.76 on Friday. Rush Street Interactive, Inc. has a 12 month low of $8.29 and a 12 month high of $16.78. The stock has a fifty day simple moving average of $11.24 and a two-hundred day simple moving average of $12.68. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of -588.00 and a beta of 1.88.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $262.41 million during the quarter, compared to the consensus estimate of $258.90 million. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. Rush Street Interactive’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. On average, equities research analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

RSI has been the subject of several research reports. 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, May 1st. Susquehanna boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Thursday, May 1st. 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 research report on Thursday, February 27th. Benchmark increased their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Finally, Macquarie reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average target price of $15.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. R Squared Ltd purchased a new stake in Rush Street Interactive during the 4th quarter valued at $28,000. Heck Capital Advisors LLC bought a new stake in shares of Rush Street Interactive in the fourth quarter worth $34,000. Pacer Advisors Inc. increased its position in Rush Street Interactive by 94.7% during the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock valued at $27,000 after acquiring an additional 1,232 shares during the last quarter. WealthTrak Capital Management LLC bought a new position in Rush Street Interactive in the fourth quarter valued at about $71,000. Finally, GAMMA Investing LLC boosted its position in Rush Street Interactive by 1,687.6% in the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company’s stock worth $70,000 after purchasing an additional 6,143 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

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.