Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 70,000 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $13.67, for a total value of $956,900.00. Following the completion of the sale, the chief executive officer now directly owns 1,211,376 shares in the company, valued at $16,559,509.92. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Richard Todd Schwartz also recently made the following trade(s):
- 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 value of $1,682,629.90.
- 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 shares were sold at an average price of $10.63, for a total value of $2,061,210.15.
Rush Street Interactive Price Performance
NYSE:RSI traded down $0.59 during mid-day trading on Friday, reaching $13.23. The company's stock had a trading volume of 875,217 shares, compared to its average volume of 1,784,140. The company's fifty day simple moving average is $12.16 and its two-hundred day simple moving average is $12.86. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78. The stock has a market cap of $3.03 billion, a P/E ratio of -661.35 and a beta of 1.85.
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 (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The firm's quarterly revenue was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.03 EPS. Sell-side analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.
Hedge Funds Weigh In On Rush Street Interactive
A number of large investors have recently modified their holdings of RSI. Bank of America Corp DE raised its holdings in shares of Rush Street Interactive by 28.0% during the 4th quarter. Bank of America Corp DE now owns 563,769 shares of the company's stock valued at $7,735,000 after buying an additional 123,305 shares during the period. Legato Capital Management LLC purchased a new stake in shares of Rush Street Interactive during the 4th quarter valued at about $1,897,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Rush Street Interactive during the 4th quarter valued at about $337,000. Deutsche Bank AG raised its holdings in shares of Rush Street Interactive by 233.6% during the 4th quarter. Deutsche Bank AG now owns 125,699 shares of the company's stock valued at $1,725,000 after buying an additional 88,017 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Rush Street Interactive by 18.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 879,563 shares of the company's stock worth $12,068,000 after purchasing an additional 137,701 shares during the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently commented on RSI. Wells Fargo & Company increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a research note on Thursday, May 1st. Benchmark increased 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. Wall Street Zen raised Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Monday, June 9th. Finally, Susquehanna increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $15.63.
Read Our Latest Stock Analysis on Rush Street Interactive
About Rush Street Interactive
(
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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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