Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 23,737 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 23,737 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of $6.11, for a total transaction of $145,033.07. Following the transaction, the chief executive officer now owns 2,062,997 shares in the company, valued at approximately $12,604,911.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, April 1st, Richard Todd Schwartz sold 101,951 shares of Rush Street Interactive stock. The stock was sold at an average price of $6.78, for a total transaction of $691,227.78.
• On Tuesday, March 19th, Richard Todd Schwartz sold 38,687 shares of Rush Street Interactive stock. The stock was sold at an average price of $5.83, for a total transaction of $225,545.21.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $5.98 on Friday. Rush Street Interactive, Inc. has a 12 month low of $2.85 and a 12 month high of $7.31. The stock’s 50 day simple moving average is $6.13 and its two-hundred day simple moving average is $4.96.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, March 6th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. The business had revenue of $193.85 million for the quarter, compared to analyst estimates of $181.50 million. As a group, equities research analysts expect that Rush Street Interactive, Inc. will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Rush Street Interactive by 13,627.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after buying an additional 11,856 shares in the last quarter. Nomura Holdings Inc. lifted its position 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 valued at $18,788,000 after buying an additional 828,984 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 valued at $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 0.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,000,151 shares of the company’s stock valued at $13,471,000 after buying an additional 19,261 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Rush Street Interactive by 265.3% during the 4th quarter. Barclays PLC now owns 135,581 shares of the company’s stock valued at $609,000 after buying an additional 98,465 shares in the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RSI. Craig Hallum upgraded shares of Rush Street Interactive from a “hold” rating to a “buy” rating and increased their price target for the stock from $7.00 to $8.00 in a report on Friday. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. Susquehanna reiterated a “neutral” rating and issued a $6.00 price target (up previously from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. Needham & Company LLC increased their price target on shares of Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Wells Fargo & Company increased their price target on shares of Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $7.50.

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.