Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $2,061,210.15 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 193,905 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $10.63, for a total value of $2,061,210.15. Following the completion of the transaction, the chief executive officer now owns 1,599,186 shares of the company’s stock, valued at approximately $16,999,347.18. The trade was a 10.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, March 10th, Richard Todd Schwartz sold 109,567 shares of Rush Street Interactive stock. The stock was sold at an average price of $9.85, for a total value of $1,079,234.95.
• On Monday, February 10th, Richard Todd Schwartz sold 133,905 shares of Rush Street Interactive stock. The shares were sold at an average price of $14.22, for a total transaction of $1,904,129.10.
• On Monday, January 13th, Richard Todd Schwartz sold 4,419 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.75, for a total transaction of $60,761.25.
• On Friday, January 10th, Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.98, for a total transaction of $463,325.16.

Rush Street Interactive Stock Performance

NYSE RSI opened at $11.72 on Friday. Rush Street Interactive, Inc. has a one year low of $5.71 and a one year high of $16.78. The stock has a 50-day moving average of $12.16 and a 200 day moving average of $12.55. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of -586.05 and a beta of 1.90.

Wall Street Analysts Forecast Growth

RSI has been the subject of several recent research reports. Needham & Company LLC reiterated a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. Benchmark lifted their price objective on Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Macquarie reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Buy” and an average target price of $15.50.

Institutional Trading of Rush Street Interactive

A number of large investors have recently made changes to their positions in RSI. Exchange Traded Concepts LLC lifted its position in Rush Street Interactive by 0.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock valued at $3,572,000 after purchasing an additional 1,087 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Rush Street Interactive by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company’s stock valued at $594,000 after buying an additional 1,632 shares during the last quarter. R Squared Ltd bought a new position in shares of Rush Street Interactive during the 4th quarter valued at $28,000. Arizona State Retirement System boosted its stake in shares of Rush Street Interactive by 11.0% in the 4th quarter. Arizona State Retirement System now owns 22,913 shares of the company’s stock worth $314,000 after buying an additional 2,265 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Rush Street Interactive by 6.3% in the fourth quarter. Tidal Investments LLC now owns 38,360 shares of the company’s stock worth $526,000 after acquiring an additional 2,280 shares during the period. 24.78% of the stock is currently owned by institutional investors.

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.