Richard Todd Schwartz Sells 78,593 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 78,593 shares of Rush Street Interactive stock in a transaction on Monday, August 5th. The shares were sold at an average price of $9.56, for a total transaction of $751,349.08. Following the completion of the transaction, the chief executive officer now directly owns 1,984,404 shares of the company’s stock, valued at approximately $18,970,902.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, August 7th, Richard Todd Schwartz sold 40,498 shares of Rush Street Interactive stock. The shares were sold at an average price of $10.18, for a total transaction of $412,269.64.

Rush Street Interactive Price Performance

NYSE RSI traded down $0.21 during trading hours on Wednesday, hitting $9.58. 2,577,072 shares of the company’s stock traded hands, compared to its average volume of 1,579,087. Rush Street Interactive, Inc. has a 52-week low of $3.17 and a 52-week high of $11.59. The company has a market capitalization of $2.16 billion, a PE ratio of -56.35 and a beta of 1.79. The firm’s 50-day moving average is $9.44 and its 200-day moving average is $7.54.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.06. Rush Street Interactive had a negative net margin of 0.84% and a negative return on equity of 12.65%. The company had revenue of $220.38 million during the quarter, compared to analysts’ expectations of $201.37 million. During the same quarter in the prior year, the company earned ($0.08) EPS. Rush Street Interactive’s revenue was up 33.5% compared to the same quarter last year. Equities research analysts predict that Rush Street Interactive, Inc. will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RSI has been the subject of a number of recent analyst reports. Craig Hallum lifted their price objective on shares of Rush Street Interactive from $11.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Oppenheimer boosted their target price on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.17.

Institutional Trading of Rush Street Interactive

Several large investors have recently bought and sold shares of RSI. Vanguard Group Inc. boosted its holdings in Rush Street Interactive by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock valued at $35,683,000 after purchasing an additional 85,736 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in Rush Street Interactive by 24.7% in the 4th quarter. Nomura Holdings Inc. now owns 4,184,373 shares of the company’s stock valued at $18,788,000 after purchasing an additional 828,984 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Rush Street Interactive by 157.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock valued at $13,666,000 after purchasing an additional 872,367 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Rush Street Interactive in the 1st quarter valued at about $1,673,000. Finally, Bank of New York Mellon Corp boosted its holdings in Rush Street Interactive by 40.5% in 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 purchasing an additional 72,831 shares during the last quarter. 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.