Richard Todd Schwartz Sells 4,419 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 4,419 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $13.75, for a total transaction of $60,761.25. Following the completion of the transaction, the chief executive officer now owns 2,392,587 shares of the company’s stock, valued at $32,898,071.25. This trade represents a 0.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in shares of Rush Street Interactive by 40.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 252,514 shares of the company’s stock worth $2,422,000 after buying an additional 72,831 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $98,000. Rhumbline Advisers boosted its holdings in shares of Rush Street Interactive by 26.6% in the second quarter. Rhumbline Advisers now owns 100,476 shares of the company’s stock worth $964,000 after buying an additional 21,106 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Rush Street Interactive during the second quarter valued at approximately $587,000. Finally, American Century Companies Inc. purchased a new stake in Rush Street Interactive during the second quarter valued at approximately $311,000. Institutional investors own 24.78% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum lifted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their price target on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.