Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 123,905 shares of Rush Street Interactive stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $13.58, for a total transaction of $1,682,629.90. Following the completion of the transaction, the chief executive officer now directly owns 1,281,376 shares in the company, valued at approximately $17,401,086.08. The trade was a 8.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Richard Todd Schwartz also recently made the following trade(s):
- On Tuesday, June 10th, Richard Todd Schwartz sold 70,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.67, for a total value of $956,900.00.
- On Thursday, May 8th, Richard Todd Schwartz sold 106,952 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.86, for a total value of $1,268,450.72.
- On Tuesday, April 8th, Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $10.63, for a total value of $2,061,210.15.
Rush Street Interactive Price Performance
Shares of NYSE:RSI traded down $0.49 during mid-day trading on Friday, reaching $13.34. 68,985 shares of the company were exchanged, compared to its average volume of 1,799,668. Rush Street Interactive, Inc. has a 1 year low of $8.52 and a 1 year high of $16.78. The firm's 50-day simple moving average is $12.11 and its 200 day simple moving average is $12.88. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of -666.00 and a beta of 1.85.
Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The firm had revenue of $262.41 million during the quarter, compared to analysts' expectations of $258.90 million. During the same quarter in the previous year, the business earned $0.03 earnings per share. The firm's revenue was up 20.7% compared to the same quarter last year. On average, research analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Rush Street Interactive
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its holdings 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 during the last quarter. Summit Securities Group LLC bought a new stake in Rush Street Interactive in the first quarter worth approximately $33,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive in the 4th quarter worth approximately $34,000. GAMMA Investing LLC raised its holdings in Rush Street Interactive by 1,687.6% in the 1st quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock worth $70,000 after acquiring an additional 6,143 shares during the period. Finally, WealthTrak Capital Management LLC acquired a new stake in shares of Rush Street Interactive in the fourth quarter worth $71,000. 24.78% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Benchmark boosted their price objective on Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Macquarie reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Rush Street Interactive in a research note on Friday, May 2nd. Wall Street Zen raised Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Monday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $15.63.
Check Out Our Latest Stock Analysis on RSI
Rush Street Interactive Company Profile
(
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.
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