Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 133,905 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 133,905 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $14.22, for a total value of $1,904,129.10. Following the transaction, the chief executive officer now directly owns 2,251,943 shares of the company’s stock, valued at approximately $32,022,629.46. This trade represents a 5.61 % decrease in their ownership of the stock. 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 Monday, January 13th, Richard Todd Schwartz sold 4,419 shares of Rush Street Interactive stock. The shares were 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 stock was 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 transaction 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 shares were 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 4.0 %

Shares of NYSE RSI opened at $15.47 on Thursday. The stock’s 50-day simple moving average is $14.17 and its two-hundred day simple moving average is $11.90. Rush Street Interactive, Inc. has a twelve month low of $5.22 and a twelve month high of $15.98. The firm has a market capitalization of $3.49 billion, a P/E ratio of -773.50 and a beta of 1.88.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RSI. Jefferies Financial Group raised their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Craig Hallum lifted their target price on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC increased their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RSI. Millrace Asset Group Inc. bought a new stake in Rush Street Interactive during the third quarter valued at approximately $2,135,000. Principal Financial Group Inc. raised its position in shares of Rush Street Interactive by 656.2% during the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after buying an additional 67,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Rush Street Interactive by 72.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock worth $8,907,000 after acquiring an additional 344,276 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Rush Street Interactive in the third quarter worth $656,000. Finally, GSA Capital Partners LLP increased its stake in Rush Street Interactive by 42.6% in the third quarter. GSA Capital Partners LLP now owns 279,367 shares of the company’s stock valued at $3,031,000 after acquiring an additional 83,436 shares during the last quarter. Hedge funds and other 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.