Richard Todd Schwartz Sells 33,142 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 33,142 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $13.98, for a total transaction of $463,325.16. Following the completion of the transaction, the chief executive officer now directly owns 2,118,506 shares in the company, valued at approximately $29,616,713.88. The trade was a 1.54 % decrease in their position. The transaction 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 Wednesday, January 8th, Richard Todd Schwartz sold 149,605 shares of Rush Street Interactive stock. The stock was 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 shares were 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 stock was 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 Price Performance

RSI opened at $13.99 on Friday. The stock’s 50 day simple moving average is $13.21 and its 200 day simple moving average is $11.08. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -699.50 and a beta of 1.88. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. New York State Teachers Retirement System boosted its position in Rush Street Interactive by 17.2% during the 3rd 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 during the period. Quarry LP boosted its holdings in shares of Rush Street Interactive by 15.9% during the second quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the period. Mesirow Financial Investment Management Inc. grew its stake in shares of Rush Street Interactive by 7.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after purchasing an additional 1,745 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Rush Street Interactive during the 3rd quarter valued at about $44,000. Finally, The Manufacturers Life Insurance Company raised its position in Rush Street Interactive by 25.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock valued at $275,000 after purchasing an additional 5,840 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on RSI shares. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Craig Hallum lifted their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC boosted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.