Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $1,145,033.10 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 103,905 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.02, for a total value of $1,145,033.10. Following the completion of the transaction, the chief executive officer now directly owns 1,703,578 shares in the company, valued at approximately $18,773,429.56. The trade was a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $1,008,000.00.

Rush Street Interactive Price Performance

Shares of RSI opened at $13.37 on Friday. The business’s 50-day moving average is $10.89 and its 200-day moving average is $9.81. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $13.71. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of -668.25 and a beta of 1.78.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Rush Street Interactive by 1.6% in the first quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock valued at $35,683,000 after purchasing an additional 85,736 shares in the last quarter. Geode Capital Management LLC raised its position in Rush Street Interactive by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock valued at $18,843,000 after acquiring an additional 92,314 shares in the last quarter. State Street Corp lifted its stake in shares of Rush Street Interactive by 3.6% in the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock valued at $17,500,000 after purchasing an additional 55,697 shares during the last quarter. Renaissance Technologies LLC raised its holdings 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 valued at $14,425,000 after buying an additional 482,872 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Rush Street Interactive by 157.9% in the second quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock worth $13,666,000 after buying an additional 872,367 shares during 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.