Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 193,905 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 193,905 shares of the business’s stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $10.63, for a total transaction of $2,061,210.15. Following the sale, the chief executive officer now owns 1,599,186 shares in the company, valued at $16,999,347.18. This trade represents a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 10th, Richard Todd Schwartz sold 109,567 shares of Rush Street Interactive stock. The shares were sold at an average price of $9.85, for a total transaction 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.
• 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.

Rush Street Interactive Trading Down 2.9 %

NYSE:RSI traded down $0.33 during trading hours on Thursday, hitting $11.29. 1,711,695 shares of the stock traded hands, compared to its average volume of 1,892,985. The firm has a 50 day moving average price of $12.29 and a 200 day moving average price of $12.54. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -564.35 and a beta of 1.90. Rush Street Interactive, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $16.78.

Analysts Set New Price Targets

A number of brokerages have weighed in on RSI. Macquarie reissued an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. Susquehanna raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Needham & Company LLC restated a “buy” rating and issued a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, Benchmark lifted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Rush Street Interactive has a consensus rating of “Buy” and an average target price of $15.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Rush Street Interactive by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock valued at $117,943,000 after acquiring an additional 1,056,583 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Rush Street Interactive by 62.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company’s stock worth $36,540,000 after purchasing an additional 1,018,889 shares during the period. Driehaus Capital Management LLC grew its position in Rush Street Interactive by 56.6% during the fourth quarter. Driehaus Capital Management LLC now owns 2,200,517 shares of the company’s stock valued at $30,191,000 after purchasing an additional 795,719 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Rush Street Interactive by 7,958.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock valued at $27,843,000 after buying an additional 2,004,059 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Rush Street Interactive by 43.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company’s stock worth $26,924,000 after buying an additional 598,300 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

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.