Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $611,408.56 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 45,256 shares of Rush Street Interactive stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.51, for a total value of $611,408.56. Following the completion of the transaction, the chief executive officer now owns 1,762,227 shares of the company’s stock, valued at approximately $23,807,686.77. The trade was a 2.50 % 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 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 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 value of $1,145,033.10.

Rush Street Interactive Price Performance

RSI opened at $13.51 on Wednesday. The business has a 50 day moving average price of $11.83 and a two-hundred day moving average price of $10.33. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of -675.50 and a beta of 1.88. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $14.92.

Analysts Set New Price Targets

RSI has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC boosted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Craig Hallum raised 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.43.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently modified their holdings of RSI. SG Americas Securities LLC acquired a new position in Rush Street Interactive during the second quarter worth about $1,565,000. Assenagon Asset Management S.A. grew its stake in shares of Rush Street Interactive by 157.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock worth $13,666,000 after purchasing an additional 872,367 shares during the last quarter. Calamos Advisors LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth approximately $868,000. Bank of New York Mellon Corp lifted its stake in Rush Street Interactive by 40.5% during the second quarter. Bank of New York Mellon Corp now owns 252,514 shares of the company’s stock valued at $2,422,000 after purchasing an additional 72,831 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Rush Street Interactive during the second quarter worth approximately $98,000. 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.