Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 100,000 shares of Rush Street Interactive stock in a transaction on Monday, August 11th. The stock was sold at an average price of $18.62, for a total transaction of $1,862,000.00. Following the completion of the transaction, the chief executive officer directly owned 823,566 shares of the company's stock, valued at approximately $15,334,798.92. This represents a 10.83% decrease in their position. 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, August 8th, Richard Todd Schwartz sold 93,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.67, for a total transaction of $1,753,206.35.
- On Tuesday, July 8th, Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $15.39, for a total transaction of $2,984,197.95.
- On Tuesday, June 10th, Richard Todd Schwartz sold 70,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.67, for a total transaction of $956,900.00.
- On Monday, June 9th, Richard Todd Schwartz sold 123,905 shares of Rush Street Interactive stock. The shares were sold at an average price of $13.58, for a total transaction of $1,682,629.90.
Rush Street Interactive Stock Down 0.1%
Rush Street Interactive stock traded down $0.01 during midday trading on Monday, hitting $18.56. The company's stock had a trading volume of 1,250,283 shares, compared to its average volume of 1,723,637. The stock's 50-day moving average price is $15.08 and its 200-day moving average price is $13.26. Rush Street Interactive, Inc. has a 12 month low of $8.76 and a 12 month high of $20.32. The company has a market capitalization of $4.25 billion, a PE ratio of 92.80 and a beta of 1.90.
Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. The firm had revenue of $269.22 million for the quarter, compared to analysts' expectations of $248.98 million. During the same period in the previous year, the business earned $0.04 earnings per share. Rush Street Interactive's revenue for the quarter was up 22.2% compared to the same quarter last year. As a group, equities analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a report on Friday, July 18th. Oppenheimer boosted their price target on shares of Rush Street Interactive from $16.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Benchmark boosted their price target on shares of Rush Street Interactive from $17.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Rush Street Interactive in a report on Monday, June 23rd. They set a "neutral" rating and a $14.00 price target for the company. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.89.
View Our Latest Research Report on Rush Street Interactive
Institutional Investors Weigh In On Rush Street Interactive
Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. raised its position in Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock worth $27,000 after acquiring an additional 1,232 shares in the last quarter. Summit Securities Group LLC bought a new stake in Rush Street Interactive in the first quarter worth about $33,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive during the 4th quarter worth about $34,000. Farther Finance Advisors LLC acquired a new stake in Rush Street Interactive during the 2nd quarter worth about $42,000. Finally, GAMMA Investing LLC raised its holdings in Rush Street Interactive by 1,687.6% during the 1st quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock worth $70,000 after buying an additional 6,143 shares during the period. 24.78% of the stock is currently owned by institutional investors.
About Rush Street Interactive
(
Get Free Report)
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.
Further Reading

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