Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 193,905 Shares

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $15.39, for a total transaction of $2,984,197.95. Following the completion of the sale, the chief executive officer owned 1,017,471 shares of the company's stock, valued at $15,658,878.69. This trade represents a 16.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 transaction of $956,900.00.
• On Monday, June 9th, Richard Todd Schwartz sold 123,905 shares of Rush Street Interactive stock. The stock was sold at an average price of $13.58, for a total transaction of $1,682,629.90.
• 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.

Rush Street Interactive Trading Up 1.0%

Shares of NYSE:RSI traded up $0.16 during mid-day trading on Tuesday, reaching $15.44. The stock had a trading volume of 2,186,131 shares, compared to its average volume of 1,769,407. The firm has a market cap of $3.54 billion, a PE ratio of 193.02 and a beta of 1.87. The firm has a 50 day simple moving average of $13.04 and a two-hundred day simple moving average of $12.92. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly 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 net margin of 0.87% and a return on equity of 7.35%. 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 business earned $0.03 EPS. The business's quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Rush Street Interactive

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on RSI shares. Macquarie reaffirmed an "outperform" rating and set a $16.00 target price on shares of Rush Street Interactive in a research report on Friday, May 2nd. Benchmark upped their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Tuesday, July 1st. Wall Street Zen lowered shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Saturday. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Finally, Needham & Company LLC reissued a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $15.89.

About Rush Street Interactive

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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