Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $751,349.08 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 78,593 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $9.56, for a total value of $751,349.08. Following the transaction, the chief executive officer now directly owns 1,984,404 shares in the company, valued at approximately $18,970,902.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 7th, Richard Todd Schwartz sold 40,498 shares of Rush Street Interactive stock. The stock was sold at an average price of $10.18, for a total value of $412,269.64.

Rush Street Interactive Stock Down 2.1 %

Shares of RSI traded down $0.21 during mid-day trading on Wednesday, hitting $9.58. 2,577,072 shares of the company’s stock traded hands, compared to its average volume of 1,579,087. Rush Street Interactive, Inc. has a 1 year low of $3.17 and a 1 year high of $11.59. The firm has a market capitalization of $2.16 billion, a P/E ratio of -56.35 and a beta of 1.79. The business’s 50-day moving average price is $9.44 and its 200-day moving average price is $7.54.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.06. Rush Street Interactive had a negative return on equity of 12.65% and a negative net margin of 0.84%. The company had revenue of $220.38 million for the quarter, compared to analyst estimates of $201.37 million. During the same period in the previous year, the company posted ($0.08) earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. Sell-side analysts anticipate that Rush Street Interactive, Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in shares of Rush Street Interactive by 33.2% in the fourth quarter. SG Americas Securities LLC now owns 15,108 shares of the company’s stock worth $68,000 after purchasing an additional 3,764 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Rush Street Interactive in the second quarter worth about $98,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Rush Street Interactive by 13,627.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock worth $78,000 after acquiring an additional 11,856 shares during the period. North Star Investment Management Corp. boosted its stake in Rush Street Interactive by 303.9% during the first quarter. North Star Investment Management Corp. now owns 20,600 shares of the company’s stock valued at $134,000 after buying an additional 15,500 shares during the last quarter. Finally, Aigen Investment Management LP bought a new position in Rush Street Interactive during the fourth quarter valued at approximately $90,000. 24.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on RSI shares. Craig Hallum increased their price objective on Rush Street Interactive from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC increased their price objective on Rush Street Interactive from $10.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price target on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Oppenheimer lifted their price target on Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.17.

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.