Richard Todd Schwartz Sells 59,757 Shares of Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 59,757 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $18.82, for a total transaction of $1,124,626.74. Following the transaction, the chief executive officer owned 454,821 shares in the company, valued at $8,559,731.22. This represents a 11.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, December 8th, Richard Todd Schwartz sold 134,148 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.37, for a total transaction of $2,464,298.76.
• On Tuesday, November 11th, Richard Todd Schwartz sold 72,446 shares of Rush Street Interactive stock. The shares were sold at an average price of $17.41, for a total value of $1,261,284.86.
• On Monday, November 10th, Richard Todd Schwartz sold 121,459 shares of Rush Street Interactive stock. The stock was sold at an average price of $17.52, for a total value of $2,127,961.68.
• On Thursday, October 9th, Richard Todd Schwartz sold 96,987 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.79, for a total value of $1,822,385.73.
• 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 value of $1,763,907.60.

Rush Street Interactive Stock Up 0.0%

Shares of Rush Street Interactive stock opened at $19.19 on Thursday. Rush Street Interactive, Inc. has a 12-month low of $9.54 and a 12-month high of $22.65. The stock has a 50 day moving average price of $18.16 and a two-hundred day moving average price of $17.64. The stock has a market capitalization of $4.40 billion, a P/E ratio of 76.75 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $277.91 million for the quarter, compared to analyst estimates of $264.60 million. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 earnings per share. Sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RSI shares. Jefferies Financial Group boosted their target price on shares of Rush Street Interactive from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Craig Hallum reaffirmed a “buy” rating on shares of Rush Street Interactive in a report on Tuesday. Needham & Company LLC lifted their price target on Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $24.00 price target on shares of Rush Street Interactive in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.75.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. Alliancebernstein L.P. increased its position in shares of Rush Street Interactive by 1,617.7% during the first quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company’s stock valued at $65,754,000 after purchasing an additional 5,776,660 shares during the period. Nuveen LLC acquired a new stake in Rush Street Interactive during the first quarter worth $29,005,000. Ameriprise Financial Inc. boosted its stake in Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after buying an additional 2,496,109 shares in the last quarter. Marshall Wace LLP increased its holdings in Rush Street Interactive by 100.9% in the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock valued at $35,353,000 after buying an additional 1,191,546 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Rush Street Interactive by 247.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock valued at $27,229,000 after buying an additional 946,673 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

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.