Rush Street Interactive (NYSE:RSI) CEO Richard Todd Schwartz Sells 3,690 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Schwartz sold 3,690 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $12.57, for a total value of $46,383.30. Following the sale, the chief executive officer directly owned 375,836 shares in the company, valued at approximately $4,724,258.52. This represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, November 9th, Richard Schwartz sold 1,800 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.57, for a total value of $22,626.00.
• On Thursday, October 1st, Richard Schwartz sold 111,110 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.88, for a total transaction of $2,208,866.80.
• On Thursday, October 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The stock was sold at an average price of $19.88, for a total transaction of $938,773.36.
• On Tuesday, September 1st, Richard Schwartz sold 111,110 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.69, for a total transaction of $2,854,415.90.
• On Tuesday, September 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.69, for a total transaction of $1,213,133.18.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI opened at $11.80 on Friday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 35.77 and a beta of 1.80. Rush Street Interactive, Inc. has a 1-year low of $11.27 and a 1-year high of $34.53. The company’s fifty day moving average is $18.99 and its two-hundred day moving average is $23.45.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.56% and a return on equity of 24.46%. The company had revenue of $385.85 million for the quarter, compared to the consensus estimate of $388.05 million. During the same period last year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 38.8% on a year-over-year basis. Sell-side analysts expect that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Rush Street Interactive

Large investors have recently made changes to their positions in the company. GSA Capital Partners LLP bought a new position in Rush Street Interactive in the 2nd quarter worth approximately $1,996,000. Quantinno Capital Management LP bought a new stake in Rush Street Interactive during the 1st quarter valued at $1,769,000. Bank of America Corp DE acquired a new position in Rush Street Interactive during the 2nd quarter worth $34,015,000. Tidal Investments LLC acquired a new position in Rush Street Interactive during the 2nd quarter worth $1,323,000. Finally, BlackRock Inc. bought a new position in shares of Rush Street Interactive in the second quarter worth $448,435,000. 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 reports. Needham & Company LLC dropped their price objective on shares of Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Barclays decreased their target price on Rush Street Interactive from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. New Street Research set a $35.00 target price on Rush Street Interactive in a report on Thursday, July 23rd. Oppenheimer lowered their target price on Rush Street Interactive from $36.00 to $25.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Finally, Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Rush Street Interactive has a consensus rating of “Moderate Buy” and an average price target of $26.46.

About Rush Street Interactive

Rush Street Interactive, Inc. is an online gaming company that offers real-money online casino games and sports betting. Its consumer-facing brands include BetRivers and, in some markets, PlaySugarHouse. The company also offers free-to-play gaming products. Rush Street Interactive was established in 2012 as part of the Rush Street Gaming group and became a publicly traded company in 2020. It operates in regulated markets in the United States, Canada and Latin America, with the availability of its products varying by jurisdiction.