Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $60,761.25 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 4,419 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $13.75, for a total transaction of $60,761.25. Following the sale, the chief executive officer now directly owns 2,392,587 shares of the company’s stock, valued at $32,898,071.25. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock was 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 shares were sold at an average price of $11.02, for a total value of $1,145,033.10.

Rush Street Interactive Trading Down 1.6 %

NYSE:RSI opened at $14.91 on Friday. The stock’s 50-day moving average is $13.45 and its 200-day moving average is $11.19. The stock has a market cap of $3.36 billion, a P/E ratio of -745.25 and a beta of 1.88. Rush Street Interactive, Inc. has a 1-year low of $3.85 and a 1-year high of $15.68.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its holdings in shares of Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares during the period. Quarry LP raised its position in Rush Street Interactive by 15.9% during the 2nd 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 last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in Rush Street Interactive by 7.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after buying an additional 1,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rush Street Interactive in the 3rd quarter valued at about $44,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Rush Street Interactive by 25.6% in the second quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock valued at $275,000 after buying an additional 5,840 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on RSI shares. Craig Hallum upped their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Needham & Company LLC increased their price objective 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.