Richard Todd Schwartz Sells 101,951 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSIGet Free Report) CEO Richard Todd Schwartz sold 101,951 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $6.78, for a total transaction of $691,227.78. Following the completion of the transaction, the chief executive officer now directly owns 2,154,618 shares of the company’s stock, valued at approximately $14,608,310.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

  • On Tuesday, March 19th, Richard Todd Schwartz sold 38,687 shares of Rush Street Interactive stock. The shares were sold at an average price of $5.83, for a total value of $225,545.21.

Rush Street Interactive Price Performance

RSI opened at $6.85 on Thursday. The company has a market capitalization of $1.53 billion, a PE ratio of -25.37 and a beta of 1.71. The business has a 50-day moving average of $5.85 and a 200-day moving average of $4.80. Rush Street Interactive, Inc. has a fifty-two week low of $2.77 and a fifty-two week high of $7.31.

Rush Street Interactive (NYSE:RSIGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $193.85 million for the quarter, compared to analyst estimates of $181.50 million. Rush Street Interactive had a negative net margin of 2.65% and a negative return on equity of 28.95%. On average, equities research analysts expect that Rush Street Interactive, Inc. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RSI has been the topic of several recent analyst reports. Oppenheimer upped their price target on Rush Street Interactive from $7.00 to $9.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Susquehanna reiterated a “neutral” rating and issued a $6.00 target price (up previously from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Friday, March 8th. Finally, Wells Fargo & Company increased their target price on shares of Rush Street Interactive from $7.00 to $8.00 and gave the stock an “overweight” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.40.

View Our Latest Research Report on RSI

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Swiss National Bank increased its position in Rush Street Interactive by 7.2% during the first quarter. Swiss National Bank now owns 126,100 shares of the company’s stock worth $917,000 after buying an additional 8,500 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rush Street Interactive by 36.5% during the 1st quarter. JPMorgan Chase & Co. now owns 33,654 shares of the company’s stock worth $244,000 after acquiring an additional 9,007 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Rush Street Interactive by 58.5% during the 1st quarter. MetLife Investment Management LLC now owns 34,711 shares of the company’s stock valued at $252,000 after acquiring an additional 12,811 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Rush Street Interactive by 16.2% in the 1st quarter. Rhumbline Advisers now owns 51,874 shares of the company’s stock valued at $377,000 after acquiring an additional 7,219 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Rush Street Interactive by 0.9% in the 1st quarter. BlackRock Inc. now owns 3,510,602 shares of the company’s stock worth $25,522,000 after purchasing an additional 30,403 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

About Rush Street Interactive

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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.

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Insider Buying and Selling by Quarter for Rush Street Interactive (NYSE:RSI)

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