Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $1,904,129.10 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 133,905 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the completion of the transaction, the chief executive officer now directly owns 2,251,943 shares of the company’s stock, valued at approximately $32,022,629.46. The trade was a 5.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 shares were 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 shares were sold at an average price of $13.51, for a total transaction 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 transaction 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 transaction of $1,145,033.10.

Rush Street Interactive Stock Up 1.5 %

Shares of NYSE RSI opened at $15.72 on Friday. The firm’s 50-day moving average price is $14.20 and its two-hundred day moving average price is $11.93. Rush Street Interactive, Inc. has a 52-week low of $5.22 and a 52-week high of $15.98. The stock has a market capitalization of $3.55 billion, a P/E ratio of -785.75 and a beta of 1.88.

Institutional Investors Weigh In On Rush Street Interactive

Several large investors have recently made changes to their positions in the company. New York State Teachers Retirement System increased its stake in shares of Rush Street Interactive by 17.2% in the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after purchasing an additional 1,020 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of Rush Street Interactive by 0.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock valued at $3,572,000 after purchasing an additional 1,087 shares during the period. Mesirow Financial Investment Management Inc. increased its stake in shares of Rush Street Interactive by 7.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after purchasing an additional 1,745 shares during the period. R Squared Ltd acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $28,000. Finally, Arizona State Retirement System increased its stake in shares of Rush Street Interactive by 11.0% in the fourth quarter. Arizona State Retirement System now owns 22,913 shares of the company’s stock valued at $314,000 after purchasing an additional 2,265 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analysts Set New Price Targets

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