Richard Todd Schwartz Sells 103,905 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 103,905 shares of Rush Street Interactive stock in a transaction on Friday, November 15th. The shares were sold at an average price of $11.02, for a total value of $1,145,033.10. Following the completion of the sale, the chief executive officer now directly owns 1,703,578 shares of the company’s stock, valued at $18,773,429.56. This trade represents a 5.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, November 18th, Richard Todd Schwartz sold 90,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.20, for a total transaction of $1,008,000.00.

Rush Street Interactive Stock Up 9.5 %

NYSE RSI opened at $13.37 on Friday. The company has a market capitalization of $3.02 billion, a P/E ratio of -668.25 and a beta of 1.78. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $13.71. The firm has a 50-day moving average price of $10.89 and a two-hundred day moving average price of $9.81.

Institutional Trading of Rush Street Interactive

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in Rush Street Interactive by 13,627.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after acquiring an additional 11,856 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Rush Street Interactive during the 1st quarter worth approximately $148,000. Vanguard Group Inc. raised its position in Rush Street Interactive by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock worth $35,683,000 after purchasing an additional 85,736 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Rush Street Interactive in the first quarter worth approximately $1,673,000. Finally, Bayesian Capital Management LP acquired a new position in Rush Street Interactive in the first quarter valued at $403,000. 24.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Craig Hallum increased their target price 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. Wells Fargo & Company increased their target price on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Oppenheimer raised their price target on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.43.

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.