Rush Street Interactive, Inc. (NYSE:RSI – Get Free Report) 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.
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.
Read Our Latest Analysis on Rush Street Interactive
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.
Featured Stories
- Five stocks we like better than Rush Street Interactive
- 3 Grocery Stocks That Are Proving They Are Still Essential
- What Are Bonds? A High-Level Overview
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Super Micro Stock Drops Sharply After Earnings on Margin Concerns
- What is the Hang Seng index?
- Lyft’s First-Ever Profit, but the Outlook Is a Speed Bump
Receive News & Ratings for Rush Street Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Street Interactive and related companies with MarketBeat.com's FREE daily email newsletter.