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Richard Todd Schwartz Sells 96,918 Shares of Rush Street Interactive (NYSE:RSI) Stock

Rush Street Interactive logo with Consumer Discretionary background

Key Points

  • CEO Richard Todd Schwartz sold 96,918 shares of Rush Street Interactive stock at an average price of $18.20, totaling approximately $1.76 million, which decreased his position by 12.62%.
  • Rush Street Interactive shares are currently trading at $18.39, with a 52-week range of $9.54 to $22.65 and a market capitalization of $4.20 billion.
  • Analysts have a consensus rating of "Moderate Buy" for Rush Street Interactive, with an average price target of $18.33, reflecting a positive outlook for the stock.
  • MarketBeat previews the top five stocks to own by November 1st.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 96,918 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $18.20, for a total transaction of $1,763,907.60. Following the completion of the sale, the chief executive officer directly owned 671,134 shares of the company's stock, valued at approximately $12,214,638.80. This trade represents a 12.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • 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 transaction of $1,822,385.73.
  • On Tuesday, September 9th, Richard Todd Schwartz sold 57,167 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.87, for a total transaction of $1,193,075.29.
  • On Monday, September 8th, Richard Todd Schwartz sold 136,738 shares of Rush Street Interactive stock. The shares were sold at an average price of $20.88, for a total transaction of $2,855,089.44.
  • On Monday, August 11th, Richard Todd Schwartz sold 100,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.62, for a total transaction of $1,862,000.00.
  • 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.

Rush Street Interactive Price Performance

Shares of RSI stock traded down $0.44 during trading hours on Friday, hitting $18.39. The company had a trading volume of 1,755,504 shares, compared to its average volume of 1,674,885. The company's fifty day moving average is $20.51 and its 200 day moving average is $15.58. Rush Street Interactive, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $22.65. The stock has a market capitalization of $4.20 billion, a PE ratio of 91.95 and a beta of 1.87.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $269.22 million for the quarter, compared to analyst estimates of $248.98 million. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. The business's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. Equities analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RSI. Alliancebernstein L.P. grew its position in shares of Rush Street Interactive by 1,617.7% in the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company's stock valued at $65,754,000 after buying an additional 5,776,660 shares during the last quarter. Nuveen LLC purchased a new position in Rush Street Interactive during the 1st quarter worth $29,005,000. Marshall Wace LLP grew its position in Rush Street Interactive by 100.9% during the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company's stock worth $35,353,000 after purchasing an additional 1,191,546 shares during the last quarter. 1060 Capital LLC purchased a new position in Rush Street Interactive during the 2nd quarter worth $11,222,000. Finally, Topline Capital Management LLC grew its position in Rush Street Interactive by 30.7% during the 1st quarter. Topline Capital Management LLC now owns 2,366,875 shares of the company's stock worth $25,373,000 after purchasing an additional 555,552 shares during the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RSI has been the topic of a number of research reports. Susquehanna reiterated a "positive" rating and set a $19.00 target price (up from $15.00) on shares of Rush Street Interactive in a report on Wednesday, July 30th. Jefferies Financial Group raised their price objective on shares of Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. JPMorgan Chase & Co. assumed coverage on shares of Rush Street Interactive in a report on Monday, June 23rd. They issued a "neutral" rating and a $14.00 price objective on the stock. Needham & Company LLC raised their price objective 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. Finally, Wall Street Zen lowered shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 13th. Eight analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.33.

Get Our Latest Stock Analysis on RSI

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.

See Also

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

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