Rush Street Interactive (NYSE:RSI) CEO Richard Todd Schwartz Sells 59,757 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 59,757 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $18.82, for a total value of $1,124,626.74. Following the completion of the transaction, the chief executive officer owned 454,821 shares in the company, valued at $8,559,731.22. This represents a 11.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 8th, Richard Todd Schwartz sold 134,148 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.37, for a total transaction of $2,464,298.76.
• On Tuesday, November 11th, Richard Todd Schwartz sold 72,446 shares of Rush Street Interactive stock. The shares were sold at an average price of $17.41, for a total value of $1,261,284.86.
• On Monday, November 10th, Richard Todd Schwartz sold 121,459 shares of Rush Street Interactive stock. The stock was sold at an average price of $17.52, for a total transaction of $2,127,961.68.
• On Thursday, October 9th, Richard Todd Schwartz sold 96,987 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.79, for a total transaction of $1,822,385.73.
• On Wednesday, October 8th, Richard Todd Schwartz sold 96,918 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.20, for a total transaction of $1,763,907.60.

Rush Street Interactive Stock Up 5.1%

Shares of RSI stock traded up $0.93 during mid-day trading on Tuesday, reaching $19.19. The company’s stock had a trading volume of 1,818,512 shares, compared to its average volume of 1,635,198. Rush Street Interactive, Inc. has a 12-month low of $9.54 and a 12-month high of $22.65. The firm has a market capitalization of $4.40 billion, a PE ratio of 76.75 and a beta of 1.65. The company’s 50 day simple moving average is $18.21 and its 200-day simple moving average is $17.57.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $277.91 million during the quarter, compared to the consensus estimate of $264.60 million. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. Rush Street Interactive’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.05 EPS. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

RSI has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on Rush Street Interactive from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Zacks Research raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group upped their target price on shares of Rush Street Interactive from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Rush Street Interactive in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Rush Street Interactive has a consensus rating of “Moderate Buy” and a consensus target price of $20.75.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RSI. Alliancebernstein L.P. lifted its position in shares of Rush Street Interactive by 1,617.7% during the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company’s stock worth $65,754,000 after buying an additional 5,776,660 shares during the last quarter. Nuveen LLC bought a new position in shares of Rush Street Interactive during the first quarter valued at $29,005,000. Ameriprise Financial Inc. lifted its holdings in Rush Street Interactive by 763.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after buying an additional 2,496,109 shares during the period. Marshall Wace LLP increased its position in Rush Street Interactive by 100.9% during the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock valued at $35,353,000 after purchasing an additional 1,191,546 shares during the period. Finally, Two Sigma Investments LP raised its stake in Rush Street Interactive by 247.3% during the third quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock worth $27,229,000 after buying an additional 946,673 shares during the last quarter. Institutional investors 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.