Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 109,567 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $9.85, for a total transaction of $1,079,234.95. Following the completion of the transaction, the chief executive officer now owns 2,082,376 shares in the company, valued at $20,511,403.60. This represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 stock was 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 stock was sold at an average price of $14.61, for a total value of $2,185,729.05.
Rush Street Interactive Price Performance
Shares of NYSE:RSI traded up $0.13 during trading on Tuesday, reaching $10.09. The company had a trading volume of 2,117,014 shares, compared to its average volume of 1,836,294. The stock's fifty day moving average price is $14.02 and its 200 day moving average price is $12.38. Rush Street Interactive, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $16.78. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of -504.25 and a beta of 1.92.
Hedge Funds Weigh In On Rush Street Interactive
Institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in Rush Street Interactive by 7,958.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company's stock worth $27,843,000 after purchasing an additional 2,004,059 shares in the last quarter. Topline Capital Management LLC acquired a new position in Rush Street Interactive during the 4th quarter worth approximately $24,851,000. William Blair Investment Management LLC purchased a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $21,635,000. Nicholas Investment Partners LP acquired a new stake in shares of Rush Street Interactive in the 4th quarter valued at approximately $14,970,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Rush Street Interactive by 14.0% in the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company's stock valued at $117,943,000 after buying an additional 1,056,583 shares during the period. 24.78% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently issued reports on RSI shares. Macquarie reissued an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. Benchmark boosted their price objective on Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Wells Fargo & Company raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and issued a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Susquehanna upgraded shares of Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $15.50.
Get Our Latest Stock Report on RSI
About Rush Street Interactive
(
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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.
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