Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $463,325.16 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 33,142 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,118,506 shares of the company’s stock, valued at $29,616,713.88. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $11.20, for a total value 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 value of $1,145,033.10.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock traded down $0.60 during trading hours on Friday, reaching $13.99. The company had a trading volume of 1,924,139 shares, compared to its average volume of 1,988,156. The firm has a market cap of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88. Rush Street Interactive, Inc. has a one year low of $3.56 and a one year high of $14.96. The business has a fifty day simple moving average of $13.21 and a 200 day simple moving average of $11.07.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rush Street Interactive in the third quarter worth $44,000. Point72 DIFC Ltd purchased a new position in Rush Street Interactive during the third quarter worth about $70,000. New York State Teachers Retirement System increased its stake in Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after acquiring an additional 1,020 shares during the last quarter. Quarry LP raised its holdings in shares of Rush Street Interactive by 15.9% in the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Rush Street Interactive by 425.6% during the 3rd quarter. CWM LLC now owns 9,209 shares of the company’s stock valued at $100,000 after acquiring an additional 7,457 shares during the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the subject of a number of research analyst reports. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Craig Hallum lifted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report 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 report on Thursday, October 31st. Finally, JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.43.

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.