Richard Todd Schwartz Sells 96,987 Shares of Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 96,987 shares of the stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $18.79, for a total transaction of $1,822,385.73. Following the completion of the transaction, the chief executive officer owned 574,147 shares of the company’s stock, valued at approximately $10,788,222.13. This represents a 14.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, October 8th, Richard Todd Schwartz sold 96,918 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.20, for a total transaction of $1,763,907.60.
• On Tuesday, September 9th, Richard Todd Schwartz sold 57,167 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.87, for a total transaction of $1,193,075.29.
• On Monday, September 8th, Richard Todd Schwartz sold 136,738 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.88, for a total transaction of $2,855,089.44.
• On Monday, August 11th, Richard Todd Schwartz sold 100,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.62, for a total transaction of $1,862,000.00.
• On Friday, August 8th, Richard Todd Schwartz sold 93,905 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.67, for a total transaction of $1,753,206.35.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $18.39 on Friday. Rush Street Interactive, Inc. has a 52-week low of $9.54 and a 52-week high of $22.65. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 91.95 and a beta of 1.87. The firm has a fifty day moving average of $20.49 and a 200-day moving average of $15.66.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $269.22 million during the quarter, compared to analysts’ expectations of $248.98 million. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. The business’s revenue was up 22.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Institutional Trading of Rush Street Interactive

Several hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. grew its stake in shares of Rush Street Interactive by 1.3% during the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after purchasing an additional 80,471 shares during the last quarter. Nuveen LLC bought a new stake in shares of Rush Street Interactive during the first quarter valued at approximately $29,005,000. William Blair Investment Management LLC grew its stake in shares of Rush Street Interactive by 4.8% during the second quarter. William Blair Investment Management LLC now owns 2,675,601 shares of the company’s stock valued at $39,866,000 after purchasing an additional 121,992 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of Rush Street Interactive by 12.7% during the first quarter. Driehaus Capital Management LLC now owns 2,480,268 shares of the company’s stock valued at $26,588,000 after purchasing an additional 279,751 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of Rush Street Interactive by 100.9% during the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock worth $35,353,000 after buying an additional 1,191,546 shares during the period. 24.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RSI. Zacks Research cut shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, July 3rd. Benchmark increased their target price on shares of Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. began coverage on shares of Rush Street Interactive in a research report on Monday, June 23rd. They set a “neutral” rating and a $14.00 target price for the company. Finally, Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

About Rush Street Interactive

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.