Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 100,000 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $18.62, for a total value of $1,862,000.00. Following the transaction, the chief executive officer owned 823,566 shares in the company, valued at $15,334,798.92. The trade was a 10.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, August 8th, Richard Todd Schwartz sold 93,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.67, for a total value of $1,753,206.35.
• On Tuesday, July 8th, Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $15.39, for a total value of $2,984,197.95.
• On Tuesday, June 10th, Richard Todd Schwartz sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.67, for a total value of $956,900.00.
• On Monday, June 9th, Richard Todd Schwartz sold 123,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.58, for a total value of $1,682,629.90.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI opened at $19.19 on Thursday. The business’s fifty day moving average price is $15.47 and its two-hundred day moving average price is $13.38. The stock has a market cap of $4.38 billion, a PE ratio of 95.95 and a beta of 1.90. Rush Street Interactive, Inc. has a one year low of $8.76 and a one year high of $20.32.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $269.22 million for the quarter, compared to analysts’ expectations of $248.98 million. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%. Rush Street Interactive’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.04 EPS. As a group, equities research analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rush Street Interactive

A number of large investors have recently bought and sold shares of RSI. Alliancebernstein L.P. grew its holdings in 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 valued at $65,754,000 after buying an additional 5,776,660 shares during the last quarter. Nuveen LLC acquired a new stake in Rush Street Interactive during the 1st quarter valued at $29,005,000. Price T Rowe Associates Inc. MD grew its holdings in Rush Street Interactive by 7,958.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company’s stock valued at $27,843,000 after buying an additional 2,004,059 shares during the last quarter. Topline Capital Management LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth $24,851,000. Finally, Marshall Wace LLP boosted its holdings in shares of Rush Street Interactive by 100.9% during the second quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock worth $35,353,000 after purchasing an additional 1,191,546 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. initiated coverage on Rush Street Interactive in a research report on Monday, June 23rd. They set a “neutral” rating and a $14.00 target price on the stock. Oppenheimer raised their price objective on Rush Street Interactive from $16.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Jefferies Financial Group boosted their target price on Rush Street Interactive from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Finally, Susquehanna restated a “positive” rating and issued a $19.00 price target (up previously from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus price target of $17.89.

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.