Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells $60,761.25 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 4,419 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $13.75, for a total value of $60,761.25. Following the completion of the transaction, the chief executive officer now directly owns 2,392,587 shares in the company, valued at approximately $32,898,071.25. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value 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.
• 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 value 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 shares were sold at an average price of $11.02, for a total transaction of $1,145,033.10.

Rush Street Interactive Stock Up 0.6 %

RSI stock opened at $15.02 on Friday. Rush Street Interactive, Inc. has a 52-week low of $4.45 and a 52-week high of $15.68. The firm has a market cap of $3.39 billion, a P/E ratio of -751.20 and a beta of 1.88. The company’s 50-day simple moving average is $13.61 and its 200-day simple moving average is $11.25.

Analysts Set New Price Targets

Several research analysts recently issued reports on RSI shares. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC increased their price target on Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Craig Hallum raised their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in shares of Rush Street Interactive by 29.9% in the fourth quarter. SG Americas Securities LLC now owns 56,842 shares of the company’s stock valued at $780,000 after buying an additional 13,095 shares in the last quarter. Harbour Capital Advisors LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at $822,000. JPMorgan Chase & Co. grew its stake in Rush Street Interactive by 155.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company’s stock valued at $2,880,000 after acquiring an additional 161,568 shares during the period. Principal Financial Group Inc. increased its holdings in Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after acquiring an additional 67,388 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Rush Street Interactive during the third quarter worth $901,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

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.