Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 109,567 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 109,567 shares of Rush Street Interactive stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $9.85, for a total value of $1,079,234.95. Following the completion of the sale, the chief executive officer now owns 2,082,376 shares of the company’s stock, valued at approximately $20,511,403.60. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, February 10th, Richard Todd Schwartz sold 133,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $14.22, for a total transaction of $1,904,129.10.
• 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 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.

Rush Street Interactive Stock Up 4.5 %

Shares of NYSE:RSI opened at $10.54 on Thursday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -526.75 and a beta of 1.92. The business’s 50 day moving average is $13.89 and its 200 day moving average is $12.37. Rush Street Interactive, Inc. has a 12-month low of $5.71 and a 12-month high of $16.78.

Analyst Ratings Changes

Several brokerages have recently commented on RSI. Wells Fargo & Company raised their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Macquarie reissued an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research note on Thursday, February 27th. Benchmark upped their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $15.50.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently bought and sold shares of RSI. New York State Teachers Retirement System raised its holdings 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 last quarter. Exchange Traded Concepts LLC grew its position in Rush Street Interactive by 0.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock worth $3,572,000 after purchasing an additional 1,087 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rush Street Interactive by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company’s stock valued at $594,000 after buying an additional 1,632 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of Rush Street Interactive by 7.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after buying an additional 1,745 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $28,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

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.