Rush Street Interactive (NYSE:RSI) Stock: Insider Richard Todd Schwartz Sells 3,690 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Schwartz sold 3,690 shares of Rush Street Interactive stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $12.57, for a total value of $46,383.30. Following the sale, the chief executive officer owned 375,836 shares in the company, valued at $4,724,258.52. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, November 9th, Richard Schwartz sold 1,800 shares of Rush Street Interactive stock. The shares were sold at an average price of $12.57, for a total value of $22,626.00.
• On Thursday, October 1st, Richard Schwartz sold 111,110 shares of Rush Street Interactive stock. The shares were sold at an average price of $19.88, for a total value of $2,208,866.80.
• On Thursday, October 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The shares were sold at an average price of $19.88, for a total value of $938,773.36.
• On Tuesday, September 1st, Richard Schwartz sold 111,110 shares of Rush Street Interactive stock. The stock was sold at an average price of $25.69, for a total transaction of $2,854,415.90.
• On Tuesday, September 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The stock was sold at an average price of $25.69, for a total transaction of $1,213,133.18.

Rush Street Interactive Price Performance

Shares of NYSE:RSI traded down $0.43 during midday trading on Thursday, reaching $11.80. The company had a trading volume of 1,986,819 shares, compared to its average volume of 2,721,081. The stock has a market capitalization of $2.72 billion, a P/E ratio of 35.77 and a beta of 1.80. The stock’s fifty day moving average price is $19.28 and its 200-day moving average price is $23.47. Rush Street Interactive, Inc. has a one year low of $11.27 and a one year high of $34.53.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.56% and a return on equity of 24.46%. The firm had revenue of $385.85 million for the quarter, compared to the consensus estimate of $388.05 million. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue was up 38.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in shares of Rush Street Interactive during the second quarter worth $35,000. Jacobi Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 3rd quarter valued at about $35,000. CoreCap Advisors LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at about $54,000. Allworth Financial LP acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at about $57,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Rush Street Interactive during the 3rd quarter valued at about $68,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RSI shares. Needham & Company LLC cut their target price on shares of Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Barclays decreased their price target on Rush Street Interactive from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. Wall Street Zen raised Rush Street Interactive from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Craig Hallum lowered Rush Street Interactive from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a report on Monday, November 2nd. Finally, Citizens Jmp cut their price objective on Rush Street Interactive from $34.00 to $24.00 and set a “market outperform” rating on the stock in a research note on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $26.46.

About Rush Street Interactive

Rush Street Interactive, Inc. is an online gaming company that offers real-money online casino games and sports betting. Its consumer-facing brands include BetRivers and, in some markets, PlaySugarHouse. The company also offers free-to-play gaming products. Rush Street Interactive was established in 2012 as part of the Rush Street Gaming group and became a publicly traded company in 2020. It operates in regulated markets in the United States, Canada and Latin America, with the availability of its products varying by jurisdiction.