Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 4,419 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 4,419 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $13.75, for a total value of $60,761.25. Following the completion of the transaction, the chief executive officer now owns 2,392,587 shares in the company, valued at approximately $32,898,071.25. This trade represents a 0.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Wednesday, January 8th, Richard Todd Schwartz sold 149,605 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.61, for a total value of $2,185,729.05.
• 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 transaction 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 transaction of $1,145,033.10.

Rush Street Interactive Stock Up 0.6 %

RSI stock opened at $15.02 on Friday. Rush Street Interactive, Inc. has a 52-week low of $4.45 and a 52-week high of $15.68. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of -751.20 and a beta of 1.88. The business has a fifty day moving average of $13.61 and a two-hundred day moving average of $11.25.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on RSI. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Jefferies Financial Group lifted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC upped their target price on Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday. Finally, Craig Hallum lifted their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Institutional Trading of Rush Street Interactive

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rush Street Interactive during the third quarter worth about $44,000. Point72 DIFC Ltd acquired a new position in shares of Rush Street Interactive in the 3rd quarter worth approximately $70,000. New York State Teachers Retirement System lifted its holdings in shares of Rush Street Interactive by 17.2% in the 3rd 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 last quarter. Quarry LP boosted its position in shares of Rush Street Interactive by 15.9% during the 2nd 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 period. Finally, Principal Financial Group Inc. acquired a new stake in Rush Street Interactive in the 2nd quarter valued at approximately $98,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

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.