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 business’s stock in a transaction dated Friday, January 10th. The shares were 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. This represents a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 shares were 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 stock was 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 Trading Down 4.1 %

Shares of Rush Street Interactive stock opened at $13.99 on Friday. The firm’s 50 day moving average is $13.21 and its 200 day moving average is $11.07. The firm has a market capitalization of $3.16 billion, a PE 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC upped their price target 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. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Finally, Craig Hallum boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.43.

Institutional Trading of Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of RSI. Bank of New York Mellon Corp boosted its holdings in shares of Rush Street Interactive by 40.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 252,514 shares of the company’s stock valued at $2,422,000 after acquiring an additional 72,831 shares in the last quarter. Principal Financial Group Inc. bought a new position in Rush Street Interactive in the second quarter valued at about $98,000. Rhumbline Advisers boosted its stake in shares of Rush Street Interactive by 26.6% during the second quarter. Rhumbline Advisers now owns 100,476 shares of the company’s stock valued at $964,000 after purchasing an additional 21,106 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Rush Street Interactive during the second quarter worth about $587,000. Finally, Quest Partners LLC acquired a new position in shares of Rush Street Interactive in the second quarter valued at approximately $388,000. Institutional investors own 24.78% of the company’s stock.

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.