Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 149,605 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 149,605 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $14.61, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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 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 Down 4.1 %

Shares of Rush Street Interactive stock opened at $13.99 on Friday. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $14.96. The stock has a market cap of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88. The business has a fifty day simple moving average of $13.21 and a 200-day simple moving average of $11.07.

Analyst Ratings Changes

RSI has been the topic of several research reports. Needham & Company LLC upped their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Craig Hallum increased their target price 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. Jefferies Financial Group lifted their price target 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System raised its holdings in Rush Street Interactive by 17.2% during the third 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 in the last quarter. Quarry LP increased its holdings in shares of Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its stake in shares of Rush Street Interactive by 7.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after acquiring an additional 1,745 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Rush Street Interactive in the 3rd quarter worth approximately $44,000. Finally, The Manufacturers Life Insurance Company boosted its position in Rush Street Interactive by 25.6% during the second quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock worth $275,000 after purchasing an additional 5,840 shares during the period. Institutional investors and hedge funds 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.