Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 4,419 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 4,419 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $13.75, for a total value of $60,761.25. Following the transaction, the chief executive officer now owns 2,392,587 shares of the company’s stock, valued at approximately $32,898,071.25. The trade was a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, January 10th, Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.98, for a total transaction of $463,325.16.
• 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 transaction 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 transaction 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 Stock Up 2.4 %

NYSE:RSI opened at $15.15 on Thursday. The business’s 50-day moving average price is $13.36 and its 200 day moving average price is $11.16. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $15.68. The firm has a market cap of $3.42 billion, a P/E ratio of -757.50 and a beta of 1.88.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Rush Street Interactive during the third quarter worth approximately $44,000. Point72 DIFC Ltd acquired a new stake in shares of Rush Street Interactive during the 3rd quarter valued at $70,000. New York State Teachers Retirement System boosted its stake in shares of 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 worth $75,000 after acquiring an additional 1,020 shares in the last quarter. Quarry LP grew 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 worth $84,000 after acquiring an additional 1,200 shares during the last quarter. Finally, CWM LLC raised its position in shares of Rush Street Interactive by 425.6% during the third quarter. CWM LLC now owns 9,209 shares of the company’s stock worth $100,000 after purchasing an additional 7,457 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Needham & Company LLC lifted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday. Craig Hallum increased their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus target price of $13.67.

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.