Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $1,008,000.00 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 90,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $11.20, for a total transaction of $1,008,000.00. Following the completion of the transaction, the chief executive officer now owns 1,613,578 shares in the company, valued at $18,072,073.60. This represents a 5.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value of $1,145,033.10.

Rush Street Interactive Price Performance

RSI stock traded up $0.58 during midday trading on Tuesday, reaching $11.84. 1,971,119 shares of the stock were exchanged, compared to its average volume of 1,675,732. The stock has a market capitalization of $2.67 billion, a PE ratio of -592.00 and a beta of 1.78. Rush Street Interactive, Inc. has a 52 week low of $3.56 and a 52 week high of $12.46. The company has a fifty day moving average price of $10.72 and a 200 day moving average price of $9.74.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Wells Fargo & Company upped their price objective on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Craig Hallum lifted their target price on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $12.43.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its position in shares of Rush Street Interactive by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock valued at $18,843,000 after buying an additional 92,314 shares during the last quarter. Barclays PLC lifted its stake in shares of Rush Street Interactive by 178.6% in the third quarter. Barclays PLC now owns 192,628 shares of the company’s stock worth $2,090,000 after acquiring an additional 123,486 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Rush Street Interactive in the third quarter valued at approximately $576,000. XTX Topco Ltd increased its position in Rush Street Interactive by 53.7% during the 3rd quarter. XTX Topco Ltd now owns 63,958 shares of the company’s stock valued at $694,000 after purchasing an additional 22,339 shares during the period. Finally, State Street Corp lifted its holdings in Rush Street Interactive by 3.6% in the third quarter. State Street Corp now owns 1,612,892 shares of the company’s stock valued at $17,500,000 after buying an additional 55,697 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.