Richard Todd Schwartz Sells 90,000 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 90,000 shares of Rush Street Interactive stock in a transaction on Monday, November 18th. The shares were sold at an average price of $11.20, for a total transaction of $1,008,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,613,578 shares of the company’s stock, valued at approximately $18,072,073.60. This trade represents a 5.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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 Stock Performance

NYSE:RSI traded up $0.58 during trading on Tuesday, reaching $11.84. The company’s stock had a trading volume of 1,971,119 shares, compared to its average volume of 1,675,732. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -592.00 and a beta of 1.78. The firm has a 50 day moving average of $10.72 and a 200-day moving average of $9.74. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $12.46.

Analysts Set New Price Targets

RSI has been the topic of a number of research reports. Jefferies Financial Group upped their target price on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer upped their target price on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their price objective on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Craig Hallum raised 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average price target of $12.43.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC purchased a new stake in shares of Rush Street Interactive in the second quarter worth about $10,605,000. Assenagon Asset Management S.A. increased its holdings in Rush Street Interactive by 157.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock worth $13,666,000 after acquiring an additional 872,367 shares during the period. Marshall Wace LLP boosted its holdings in Rush Street Interactive by 185.5% in the 2nd quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock valued at $9,416,000 after purchasing an additional 637,883 shares during the period. Millennium Management LLC grew its position in shares of Rush Street Interactive by 378.4% during the 2nd quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after purchasing an additional 490,831 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Rush Street Interactive by 47.3% in the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock worth $14,425,000 after buying an additional 482,872 shares in the last quarter. 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.