Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $1,008,000.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 90,000 shares of Rush Street Interactive stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $11.20, for a total value of $1,008,000.00. Following the transaction, the chief executive officer now owns 1,613,578 shares in the company, valued at $18,072,073.60. This trade represents a 5.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Performance

NYSE:RSI opened at $11.84 on Wednesday. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $12.46. The company has a market cap of $2.67 billion, a P/E ratio of -592.00 and a beta of 1.78. The stock’s 50-day simple moving average is $10.77 and its 200 day simple moving average is $9.77.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System grew its stake in shares of Rush Street Interactive by 17.2% in the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after buying an additional 1,020 shares in the last quarter. Quarry LP lifted its stake in Rush Street Interactive by 15.9% in the second 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. Mesirow Financial Investment Management Inc. grew its position in shares of Rush Street Interactive by 7.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after acquiring an additional 1,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Rush Street Interactive during the 3rd quarter worth about $44,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Rush Street Interactive by 25.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock valued at $275,000 after purchasing an additional 5,840 shares during the period. Institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC increased their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Wells Fargo & Company boosted their price target on Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Craig Hallum upped their price objective 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. Finally, Oppenheimer lifted their target price on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Rush Street Interactive has a consensus rating of “Moderate Buy” and an average price target of $12.43.

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.