Richard Todd Schwartz Sells 133,905 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 133,905 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $14.22, for a total value of $1,904,129.10. Following the transaction, the chief executive officer now owns 2,251,943 shares of the company’s stock, valued at $32,022,629.46. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 13th, Richard Todd Schwartz sold 4,419 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.75, for a total transaction of $60,761.25.
• On Friday, January 10th, Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.98, for a total transaction 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 transaction 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 stock was 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

Shares of Rush Street Interactive stock traded up $0.48 during trading hours on Tuesday, hitting $14.92. The company had a trading volume of 2,427,390 shares, compared to its average volume of 1,903,549. The company’s 50-day moving average is $14.15 and its two-hundred day moving average is $11.84. The company has a market cap of $3.37 billion, a P/E ratio of -745.80 and a beta of 1.88. Rush Street Interactive, Inc. has a twelve month low of $5.22 and a twelve month high of $15.98.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently bought and sold shares of RSI. Emerald Advisers LLC acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $9,967,000. Vanguard Group Inc. raised its position in Rush Street Interactive by 14.0% in the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock valued at $117,943,000 after purchasing an additional 1,056,583 shares during the last quarter. LPL Financial LLC acquired a new stake in Rush Street Interactive during the 4th quarter worth $173,000. Sei Investments Co. grew its position in Rush Street Interactive by 59.2% during the 4th quarter. Sei Investments Co. now owns 333,425 shares of the company’s stock worth $4,575,000 after purchasing an additional 124,045 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in Rush Street Interactive by 45.6% in the fourth quarter. American Century Companies Inc. now owns 147,747 shares of the company’s stock valued at $2,027,000 after purchasing an additional 46,293 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RSI shares. Craig Hallum boosted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, Needham & Company LLC increased their target price on Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $14.00.

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.