Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 33,142 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $13.98, for a total transaction of $463,325.16. Following the completion of the sale, the chief executive officer now directly owns 2,118,506 shares of the company's stock, valued at $29,616,713.88. The trade was a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Richard Todd Schwartz also recently made the following trade(s):
- 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.
- On Monday, December 9th, Richard Todd Schwartz sold 45,256 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.51, for a total value of $611,408.56.
- On Monday, November 18th, Richard Todd Schwartz sold 90,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.20, for a total value 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 value of $1,145,033.10.
Rush Street Interactive Price Performance
Shares of Rush Street Interactive stock traded down $0.60 during trading hours on Friday, reaching $13.99. The company had a trading volume of 1,924,139 shares, compared to its average volume of 1,988,156. The firm has a market cap of $3.16 billion, a PE ratio of -699.50 and a beta of 1.88. Rush Street Interactive, Inc. has a one year low of $3.56 and a one year high of $14.96. The business has a fifty day simple moving average of $13.21 and a 200 day simple moving average of $11.07.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Rush Street Interactive in the third quarter worth $44,000. Point72 DIFC Ltd purchased a new position in Rush Street Interactive during the third quarter worth about $70,000. New York State Teachers Retirement System increased its stake in Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company's stock worth $75,000 after acquiring an additional 1,020 shares during the last quarter. Quarry LP raised its holdings in shares of Rush Street Interactive by 15.9% in the 2nd quarter. Quarry LP now owns 8,762 shares of the company's stock valued at $84,000 after acquiring an additional 1,200 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Rush Street Interactive by 425.6% during the 3rd quarter. CWM LLC now owns 9,209 shares of the company's stock valued at $100,000 after acquiring an additional 7,457 shares during the last quarter. Hedge funds and other institutional investors own 24.78% of the company's stock.
Wall Street Analysts Forecast Growth
RSI has been the subject of a number of research analyst reports. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. 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 report on Thursday, October 31st. Jefferies Financial Group increased their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a research note on Monday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.43.
Check Out Our Latest Analysis 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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