Richard Todd Schwartz Sells 33,142 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $13.98, for a total transaction of $463,325.16. Following the sale, the chief executive officer now directly owns 2,118,506 shares in the company, valued at $29,616,713.88. The trade was a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 value of $611,408.56.
• On Monday, November 18th, Richard Todd Schwartz sold 90,000 shares of Rush Street Interactive stock. The shares were 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 stock was sold at an average price of $11.02, for a total value of $1,145,033.10.

Rush Street Interactive Stock Down 4.1 %

Shares of NYSE RSI opened at $13.99 on Friday. The firm has a market cap of $3.16 billion, a P/E ratio of -699.50 and a beta of 1.88. Rush Street Interactive, Inc. has a twelve month low of $3.56 and a twelve month high of $14.96. The company has a 50 day moving average of $13.21 and a 200 day moving average of $11.08.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RSI. Bank of New York Mellon Corp lifted its stake in Rush Street Interactive by 40.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 252,514 shares of the company’s stock valued at $2,422,000 after acquiring an additional 72,831 shares during the period. Principal Financial Group Inc. bought a new position in Rush Street Interactive during the second quarter valued at approximately $98,000. Rhumbline Advisers boosted its holdings in Rush Street Interactive by 26.6% in the second quarter. Rhumbline Advisers now owns 100,476 shares of the company’s stock worth $964,000 after purchasing an additional 21,106 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth approximately $587,000. Finally, Quest Partners LLC purchased a new stake in Rush Street Interactive during the 2nd quarter valued at $388,000. Hedge funds and other 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.