Richard Todd Schwartz Sells 134,148 Shares of Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 134,148 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $18.37, for a total transaction of $2,464,298.76. Following the completion of the sale, the chief executive officer owned 514,578 shares in the company, valued at $9,452,797.86. The trade was a 20.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 9th, Richard Todd Schwartz sold 59,757 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.82, for a total value of $1,124,626.74.
• On Tuesday, November 11th, Richard Todd Schwartz sold 72,446 shares of Rush Street Interactive stock. The shares were sold at an average price of $17.41, for a total value of $1,261,284.86.
• On Monday, November 10th, Richard Todd Schwartz sold 121,459 shares of Rush Street Interactive stock. The stock was sold at an average price of $17.52, for a total value of $2,127,961.68.
• On Thursday, October 9th, Richard Todd Schwartz sold 96,987 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.79, for a total value of $1,822,385.73.
• On Wednesday, October 8th, Richard Todd Schwartz sold 96,918 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.20, for a total transaction of $1,763,907.60.

Rush Street Interactive Stock Up 0.0%

RSI stock opened at $19.19 on Thursday. The company has a 50-day simple moving average of $18.16 and a 200 day simple moving average of $17.64. The company has a market capitalization of $4.40 billion, a P/E ratio of 76.75 and a beta of 1.65. Rush Street Interactive, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $22.65.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $277.91 million for the quarter, compared to the consensus estimate of $264.60 million. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. Rush Street Interactive’s revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. Equities analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Zacks Research raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. Oppenheimer restated an “outperform” rating and issued a $24.00 price objective on shares of Rush Street Interactive in a report on Thursday, October 30th. Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a report on Sunday. Benchmark boosted their price target on shares of Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Finally, Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average price target of $20.75.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors have recently bought and sold shares of RSI. Man Group plc raised its holdings in shares of Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock valued at $1,334,000 after purchasing an additional 654 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Rush Street Interactive by 4.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock worth $398,000 after buying an additional 752 shares during the last quarter. New York State Teachers Retirement System raised its holdings in Rush Street Interactive by 15.6% during the third quarter. New York State Teachers Retirement System now owns 8,022 shares of the company’s stock valued at $164,000 after buying an additional 1,084 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Rush Street Interactive by 5.3% in the second quarter. Cerity Partners LLC now owns 23,067 shares of the company’s stock worth $344,000 after buying an additional 1,167 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Rush Street Interactive by 11.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 13,615 shares of the company’s stock worth $203,000 after acquiring an additional 1,358 shares in the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

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.