Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 133,905 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 133,905 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $14.22, for a total value of $1,904,129.10. Following the completion of the sale, the chief executive officer now owns 2,251,943 shares of the company’s stock, valued at approximately $32,022,629.46. This represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were 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 value of $463,325.16.
• 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 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 3.3 %

Rush Street Interactive stock opened at $14.92 on Wednesday. Rush Street Interactive, Inc. has a 52 week low of $5.22 and a 52 week high of $15.98. The company’s 50 day moving average price is $14.15 and its two-hundred day moving average price is $11.88. The stock has a market cap of $3.37 billion, a P/E ratio of -745.80 and a beta of 1.88.

Analyst Ratings Changes

Several brokerages recently weighed in on RSI. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, January 17th. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Craig Hallum raised their price target 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, Jefferies Financial Group raised their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds have recently modified their holdings of the company. Emerald Advisers LLC bought a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $9,967,000. Vanguard Group Inc. raised its holdings in shares of Rush Street Interactive by 14.0% in the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock worth $117,943,000 after purchasing an additional 1,056,583 shares during the period. LPL Financial LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $173,000. Sei Investments Co. raised its holdings in shares of Rush Street Interactive by 59.2% in the 4th quarter. Sei Investments Co. now owns 333,425 shares of the company’s stock worth $4,575,000 after purchasing an additional 124,045 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Rush Street Interactive by 45.6% in the 4th quarter. American Century Companies Inc. now owns 147,747 shares of the company’s stock worth $2,027,000 after purchasing an additional 46,293 shares during the period. Institutional investors own 24.78% of the company’s stock.

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.