Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $1,904,129.10 in Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 133,905 shares of Rush Street Interactive stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the transaction, the chief executive officer now directly owns 2,251,943 shares of the company's stock, valued at approximately $32,022,629.46. This trade represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 stock was sold at an average price of $14.61, for a total transaction of $2,185,729.05.
• On Monday, December 9th, Richard Todd Schwartz sold 45,256 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.51, for a total transaction of $611,408.56.
• On Monday, November 18th, Richard Todd Schwartz sold 90,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.20, for a total transaction of $1,008,000.00.
• On Friday, November 15th, Richard Todd Schwartz sold 103,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.02, for a total transaction of $1,145,033.10.

Rush Street Interactive Trading Up 6.1 %

NYSE RSI traded up $0.96 during trading hours on Friday, hitting $16.69. 2,639,045 shares of the company's stock traded hands, compared to its average volume of 1,648,963. The business's fifty day moving average price is $14.26 and its two-hundred day moving average price is $11.97. The firm has a market capitalization of $3.77 billion, a P/E ratio of -834.70 and a beta of 1.88. Rush Street Interactive, Inc. has a 52 week low of $5.22 and a 52 week high of $16.74.

Institutional Trading of Rush Street Interactive

Several large investors have recently added to or reduced their stakes in RSI. The Manufacturers Life Insurance Company grew its position in Rush Street Interactive by 25.6% during the second quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company's stock valued at $275,000 after buying an additional 5,840 shares during the period. CWM LLC lifted its holdings in Rush Street Interactive by 425.6% during the third quarter. CWM LLC now owns 9,209 shares of the company's stock valued at $100,000 after purchasing an additional 7,457 shares in the last quarter. Creative Planning purchased a new position in Rush Street Interactive during the third quarter valued at approximately $180,000. nVerses Capital LLC purchased a new position in Rush Street Interactive during the third quarter valued at approximately $148,000. Finally, OmniStar Financial Group Inc. lifted its holdings in Rush Street Interactive by 581.2% during the third quarter. OmniStar Financial Group Inc. now owns 80,862 shares of the company's stock valued at $877,000 after purchasing an additional 68,992 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RSI. JMP Securities reaffirmed a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Craig Hallum lifted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group lifted their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of "Moderate Buy" and an average target price of $14.00.

Rush Street Interactive Company Profile

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.