Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $1,904,129.10 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 133,905 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $14.22, for a total value of $1,904,129.10. Following the transaction, the chief executive officer now owns 2,251,943 shares in the company, valued at $32,022,629.46. This represents a 5.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, January 13th, Richard Todd Schwartz sold 4,419 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.75, for a total value of $60,761.25.
• 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 transaction 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 3.3 %

Shares of RSI traded up $0.48 during midday trading on Tuesday, reaching $14.92. The company had a trading volume of 2,427,390 shares, compared to its average volume of 1,903,549. Rush Street Interactive, Inc. has a 1-year low of $5.22 and a 1-year high of $15.98. The firm has a 50 day simple moving average of $14.15 and a 200-day simple moving average of $11.84. The stock has a market cap of $3.37 billion, a PE ratio of -745.80 and a beta of 1.88.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently bought and sold shares of RSI. R Squared Ltd purchased a new stake in Rush Street Interactive in the fourth quarter valued at $28,000. Heck Capital Advisors LLC purchased a new stake in Rush Street Interactive in the 4th quarter valued at about $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive in the 3rd quarter valued at about $44,000. Point72 DIFC Ltd acquired a new position in Rush Street Interactive in the third quarter valued at about $70,000. Finally, New York State Teachers Retirement System boosted its stake in 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 buying an additional 1,020 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RSI. Needham & Company LLC lifted their price target on Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Jefferies Financial Group upped 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, January 15th. 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $14.00.

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.