Richard Todd Schwartz Sells 123,905 Shares of Rush Street Interactive, Inc. (NYSE:RSI) Stock

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 123,905 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $13.58, for a total transaction of $1,682,629.90. Following the sale, the chief executive officer now owns 1,281,376 shares of the company's stock, valued at $17,401,086.08. This trade represents a 8.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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 transaction of $956,900.00.
• On Thursday, May 8th, Richard Todd Schwartz sold 106,952 shares of Rush Street Interactive stock. The stock was sold at an average price of $11.86, for a total transaction 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 transaction of $2,061,210.15.

Rush Street Interactive Price Performance

Rush Street Interactive stock traded down $0.59 during mid-day trading on Friday, reaching $13.23. The company had a trading volume of 875,217 shares, compared to its average volume of 1,784,140. Rush Street Interactive, Inc. has a 1 year low of $8.52 and a 1 year high of $16.78. The company has a market capitalization of $3.03 billion, a P/E ratio of -661.35 and a beta of 1.85. The stock's 50-day simple moving average is $12.16 and its 200-day simple moving average is $12.86.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The company had revenue of $262.41 million during the quarter, compared to analysts' expectations of $258.90 million. During the same period last year, the company posted $0.03 earnings per share. The firm's quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Susquehanna increased their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Wall Street Zen raised shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a report on Monday, June 9th. Needham & Company LLC reissued a "buy" rating and set a $17.00 price target on shares of Rush Street Interactive in a report on Thursday, May 1st. Finally, Macquarie reissued an "outperform" rating and set a $16.00 price target on shares of Rush Street Interactive in a report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $15.63.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its position in shares of Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock valued at $27,000 after purchasing an additional 1,232 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Rush Street Interactive in the first quarter valued at approximately $33,000. Heck Capital Advisors LLC acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC grew its position in shares of Rush Street Interactive by 1,687.6% in the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock valued at $70,000 after purchasing an additional 6,143 shares during the last quarter. Finally, WealthTrak Capital Management LLC acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $71,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Company Profile

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.