Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells 4,419 Shares of Stock

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

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 stock was 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 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 shares were sold at an average price of $11.02, for a total transaction of $1,145,033.10.

Rush Street Interactive Stock Up 2.4 %

RSI traded up $0.35 during trading hours on Wednesday, reaching $15.15. 2,255,432 shares of the company’s stock traded hands, compared to its average volume of 1,914,881. The firm has a 50-day moving average price of $13.36 and a 200 day moving average price of $11.16. The firm has a market capitalization of $3.42 billion, a PE ratio of -757.50 and a beta of 1.88. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $15.68.

Institutional Trading of Rush Street Interactive

A number of large investors have recently made changes to their positions in RSI. Millrace Asset Group Inc. purchased a new stake in Rush Street Interactive in the 3rd quarter valued at about $2,135,000. Principal Financial Group Inc. lifted its holdings in shares of Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after buying an additional 67,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Rush Street Interactive by 72.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock worth $8,907,000 after buying an additional 344,276 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Rush Street Interactive during the second quarter valued at $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Rush Street Interactive in the third quarter valued at about $656,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Jefferies Financial Group lifted their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday. Craig Hallum upped 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, Needham & Company LLC lifted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock 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 stock. Based on data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average target price of $13.67.

Rush Street Interactive Company Profile

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.