Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 101,951 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSIGet Free Report) CEO Richard Todd Schwartz sold 101,951 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $6.78, for a total value of $691,227.78. Following the completion of the sale, the chief executive officer now owns 2,154,618 shares of the company’s stock, valued at $14,608,310.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, March 19th, Richard Todd Schwartz sold 38,687 shares of Rush Street Interactive stock. The shares were sold at an average price of $5.83, for a total value of $225,545.21.

Rush Street Interactive Stock Performance

Shares of NYSE RSI opened at $6.73 on Wednesday. Rush Street Interactive, Inc. has a fifty-two week low of $2.77 and a fifty-two week high of $7.31. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of -24.93 and a beta of 1.71. The firm’s 50-day simple moving average is $5.82 and its 200 day simple moving average is $4.79.

Rush Street Interactive (NYSE:RSIGet Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. Rush Street Interactive had a negative net margin of 2.65% and a negative return on equity of 28.95%. The business had revenue of $193.85 million for the quarter, compared to analysts’ expectations of $181.50 million. On average, sell-side analysts predict that Rush Street Interactive, Inc. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds have recently modified their holdings of the company. HG Vora Capital Management LLC lifted its position in shares of Rush Street Interactive by 16.7% during the 4th quarter. HG Vora Capital Management LLC now owns 7,000,000 shares of the company’s stock worth $31,430,000 after buying an additional 1,000,000 shares in the last quarter. Canyon Capital Advisors LLC lifted its position in shares of Rush Street Interactive by 66.5% during the 1st quarter. Canyon Capital Advisors LLC now owns 5,735,284 shares of the company’s stock worth $17,837,000 after buying an additional 2,289,730 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Rush Street Interactive by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 5,395,483 shares of the company’s stock worth $24,226,000 after buying an additional 195,985 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Rush Street Interactive by 8.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,731,177 shares of the company’s stock worth $22,095,000 after buying an additional 365,981 shares in the last quarter. Finally, Nomura Holdings Inc. increased its stake in shares of Rush Street Interactive by 24.7% during the 4th quarter. Nomura Holdings Inc. now owns 4,184,373 shares of the company’s stock worth $18,788,000 after purchasing an additional 828,984 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the subject of a number of recent analyst reports. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. Wells Fargo & Company increased their price target on Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Susquehanna reiterated a “neutral” rating and set a $6.00 price target (up from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. Oppenheimer increased their price target on Rush Street Interactive from $7.00 to $9.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Needham & Company LLC increased their price target on Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.40.

Check Out Our Latest Analysis on Rush Street Interactive

About Rush Street Interactive

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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.

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