Insider Selling: Rush Street Interactive, Inc. (NYSE:RSI) CEO Sells 133,905 Shares of Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 133,905 shares of Rush Street Interactive stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the completion of the transaction, the chief executive officer now owns 2,251,943 shares in the company, valued at approximately $32,022,629.46. This trade represents a 5.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, January 13th, Richard Todd Schwartz sold 4,419 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.75, for a total transaction of $60,761.25.
• On Friday, January 10th, Richard Todd Schwartz sold 33,142 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.98, for a total transaction 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 transaction 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 transaction 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 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 Price Performance

Shares of RSI opened at $15.72 on Friday. The company has a market capitalization of $3.55 billion, a PE ratio of -785.75 and a beta of 1.88. Rush Street Interactive, Inc. has a one year low of $5.22 and a one year high of $15.98. The company’s fifty day moving average price is $14.20 and its 200 day moving average price is $11.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board increased its holdings in shares of Rush Street Interactive by 146.8% during the 4th quarter. Canada Pension Plan Investment Board now owns 123,900 shares of the company’s stock worth $1,700,000 after purchasing an additional 73,700 shares during the period. NewEdge Advisors LLC bought a new position in shares of Rush Street Interactive during the 4th quarter worth about $148,000. Barclays PLC increased its holdings in shares of Rush Street Interactive by 9.9% during the 4th quarter. Barclays PLC now owns 211,724 shares of the company’s stock worth $2,905,000 after purchasing an additional 19,096 shares during the period. Raymond James Financial Inc. bought a new position in shares of Rush Street Interactive during the 4th quarter worth about $1,282,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Rush Street Interactive by 43.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company’s stock worth $26,924,000 after purchasing an additional 598,300 shares during the period. Institutional investors own 24.78% of the company’s stock.

Analysts Set New Price Targets

RSI has been the topic of a number of recent research reports. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, January 17th. Craig Hallum raised their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group raised their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.