Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells 33,142 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 33,142 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $13.98, for a total transaction of $463,325.16. Following the sale, the chief executive officer now directly owns 2,118,506 shares of the company’s stock, valued at $29,616,713.88. This represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

Rush Street Interactive Trading Down 4.1 %

NYSE RSI opened at $13.99 on Monday. The firm’s fifty day moving average price is $13.21 and its two-hundred day moving average price is $11.09. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.96. The firm has a market capitalization of $3.16 billion, a P/E ratio of -699.50 and a beta of 1.88.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently modified their holdings of the company. Millrace Asset Group Inc. bought a new position in Rush Street Interactive during the third quarter worth about $2,135,000. Principal Financial Group Inc. lifted its position in shares of Rush Street Interactive by 656.2% in the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after buying an additional 67,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Rush Street Interactive by 72.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock worth $8,907,000 after acquiring an additional 344,276 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Rush Street Interactive in the 3rd quarter valued at $656,000. 24.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

RSI has been the subject of several research reports. Jefferies Financial Group raised their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, Craig Hallum raised their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average price target of $13.50.

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.