Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells 4,419 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 4,419 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $13.75, for a total transaction of $60,761.25. Following the completion of the transaction, the chief executive officer now directly owns 2,392,587 shares of the company’s stock, valued at $32,898,071.25. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, January 10th, Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.98, for a total value of $463,325.16.
• 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 value 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 value 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 stock was sold at an average price of $11.02, for a total transaction of $1,145,033.10.

Rush Street Interactive Stock Up 2.4 %

Shares of RSI opened at $15.15 on Thursday. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $15.68. The company’s fifty day moving average is $13.36 and its 200-day moving average is $11.16. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -757.50 and a beta of 1.88.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of Rush Street Interactive by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock worth $18,843,000 after buying an additional 92,314 shares during the last quarter. State Street Corp lifted its holdings in Rush Street Interactive by 3.6% in the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock worth $17,500,000 after purchasing an additional 55,697 shares during the last quarter. Renaissance Technologies LLC boosted its position in Rush Street Interactive by 47.3% during the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock worth $14,425,000 after purchasing an additional 482,872 shares during the period. Federated Hermes Inc. grew its holdings in Rush Street Interactive by 10.9% during the second quarter. Federated Hermes Inc. now owns 1,329,825 shares of the company’s stock valued at $12,753,000 after purchasing an additional 130,217 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in Rush Street Interactive during the second quarter valued at approximately $10,605,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Needham & Company LLC upped their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company 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. Craig Hallum increased their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group boosted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.67.

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.