Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 33,142 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 33,142 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $13.98, for a total transaction of $463,325.16. Following the transaction, the chief executive officer now owns 2,118,506 shares of the company’s stock, valued at $29,616,713.88. The trade was a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction of $2,185,729.05.
• On Monday, December 9th, Richard Todd Schwartz sold 45,256 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.51, for a total transaction 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 value of $1,145,033.10.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock opened at $13.99 on Friday. The business has a fifty day simple moving average of $13.21 and a two-hundred day simple moving average of $11.07. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.96. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of -699.50 and a beta of 1.88.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC upped their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Craig Hallum boosted their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $12.43.

Institutional Trading of Rush Street Interactive

A number of hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in Rush Street Interactive by 155.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company’s stock valued at $2,880,000 after buying an additional 161,568 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Rush Street Interactive by 656.2% in the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after purchasing an additional 67,388 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Rush Street Interactive in the third quarter valued at approximately $901,000. Geode Capital Management LLC lifted its holdings in Rush Street Interactive by 5.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock worth $18,843,000 after purchasing an additional 92,314 shares during the last quarter. Finally, Barclays PLC boosted its stake in Rush Street Interactive by 178.6% in the 3rd quarter. Barclays PLC now owns 192,628 shares of the company’s stock valued at $2,090,000 after purchasing an additional 123,486 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.