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

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 133,905 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the transaction, the chief executive officer now owns 2,251,943 shares in the company, valued at $32,022,629.46. This represents a 5.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 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 transaction 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 transaction of $1,145,033.10.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $15.47 on Thursday. Rush Street Interactive, Inc. has a fifty-two week low of $5.22 and a fifty-two week high of $15.98. The firm’s 50-day simple moving average is $14.17 and its 200 day simple moving average is $11.90. The stock has a market cap of $3.49 billion, a PE ratio of -773.50 and a beta of 1.88.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of RSI. William Blair Investment Management LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $21,635,000. Vanguard Group Inc. grew its stake in Rush Street Interactive by 14.0% in the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock valued at $117,943,000 after purchasing an additional 1,056,583 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Rush Street Interactive by 62.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company’s stock valued at $36,540,000 after purchasing an additional 1,018,889 shares during the last quarter. Norges Bank bought a new stake in shares of Rush Street Interactive during the 4th quarter worth $10,429,000. Finally, Emerald Advisers LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter worth about $9,967,000. 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.