Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $463,325.16 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $13.98, for a total value of $463,325.16. Following the sale, the chief executive officer now directly owns 2,118,506 shares of the company’s stock, valued at approximately $29,616,713.88. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value 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 transaction 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 Stock Down 4.1 %

Shares of NYSE RSI traded down $0.60 during trading on Friday, reaching $13.99. The company had a trading volume of 1,924,139 shares, compared to its average volume of 1,988,156. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $14.96. The business’s 50-day moving average is $13.21 and its 200 day moving average is $11.07. The stock has a market cap of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently bought and sold shares of RSI. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Rush Street Interactive in the third quarter worth $44,000. Point72 DIFC Ltd purchased a new position in Rush Street Interactive in the 3rd quarter worth about $70,000. New York State Teachers Retirement System lifted its stake in 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 valued at $75,000 after acquiring an additional 1,020 shares during the period. Quarry LP boosted its holdings in shares of Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Rush Street Interactive in the second quarter worth approximately $98,000. Institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC raised their target price 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. Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday. Finally, Craig Hallum increased their target price 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $12.43.

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.