Richard Todd Schwartz Sells 106,952 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 106,952 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $11.86, for a total value of $1,268,450.72. Following the sale, the chief executive officer now owns 1,492,234 shares in the company, valued at $17,697,895.24. This trade represents a 6.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, April 8th, Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $10.63, for a total value of $2,061,210.15.
• On Monday, March 10th, Richard Todd Schwartz sold 109,567 shares of Rush Street Interactive stock. The shares were sold at an average price of $9.85, for a total transaction of $1,079,234.95.
• 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.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI opened at $11.76 on Friday. The business’s 50-day simple moving average is $11.24 and its 200 day simple moving average is $12.69. The company has a market cap of $2.68 billion, a P/E ratio of -588.00 and a beta of 1.88. Rush Street Interactive, Inc. has a one year low of $8.29 and a one year high of $16.78.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $262.41 million for the quarter, compared to analysts’ expectations of $258.90 million. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. Analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on RSI. Macquarie reaffirmed an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a research report on Friday, May 2nd. Jefferies Financial Group increased their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. 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, May 1st. Wells Fargo & Company upped their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Finally, Susquehanna boosted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “positive” rating in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.63.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSI. Exchange Traded Concepts LLC increased its position in shares of Rush Street Interactive by 0.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock worth $3,572,000 after acquiring an additional 1,087 shares during the last quarter. Arizona State Retirement System increased its holdings in Rush Street Interactive by 5.4% during the 1st quarter. Arizona State Retirement System now owns 24,145 shares of the company’s stock worth $259,000 after purchasing an additional 1,232 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Rush Street Interactive by 94.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock valued at $27,000 after purchasing an additional 1,232 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Rush Street Interactive by 3.9% during 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. Finally, R Squared Ltd acquired a new stake in shares of Rush Street Interactive during the fourth 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.