Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $2,185,729.05 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 149,605 shares of the business’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $14.61, for a total transaction of $2,185,729.05. Following the transaction, the chief executive officer now directly owns 2,151,648 shares in the company, valued at $31,435,577.28. This trade represents a 6.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 stock was 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 value 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 value of $1,145,033.10.

Rush Street Interactive Trading Down 4.1 %

Shares of RSI opened at $13.99 on Friday. The company’s fifty day simple moving average is $13.21 and its 200 day simple moving average is $11.07. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $14.96. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -699.50 and a beta of 1.88.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on RSI. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC upped their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Craig Hallum raised their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group boosted their target price on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Rush Street Interactive has a consensus rating of “Moderate Buy” and an average price target of $12.43.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rush Street Interactive in the third quarter worth $44,000. Point72 DIFC Ltd acquired a new stake in Rush Street Interactive during the third quarter worth about $70,000. New York State Teachers Retirement System increased its holdings in 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 valued at $75,000 after buying an additional 1,020 shares during the period. 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 valued at $84,000 after buying an additional 1,200 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth approximately $98,000. Institutional investors own 24.78% of the company’s stock.

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.