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Rush Street Interactive (NYSE:RSI) CEO Sells $1,822,385.73 in Stock

Rush Street Interactive logo with Consumer Discretionary background

Key Points

  • Richard Todd Schwartz, CEO of Rush Street Interactive, sold approximately $1.82 million worth of stock on October 9, reducing his share ownership by 14.45% to about $10.79 million.
  • The stock price of Rush Street Interactive (RSI) was trading down 2.3% at $18.39, with a market cap of $4.20 billion and a 52-week range between $9.54 and $22.65.
  • RSI reported a quarterly revenue of $269.22 million, exceeding analyst estimates, with a year-over-year revenue growth of 22.2%.
  • 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 96,987 shares of the business's stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $18.79, for a total transaction of $1,822,385.73. Following the sale, the chief executive officer directly owned 574,147 shares of the company's stock, valued at $10,788,222.13. This represents a 14.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Wednesday, October 8th, Richard Todd Schwartz sold 96,918 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.20, for a total value of $1,763,907.60.
  • 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 value 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 value of $2,855,089.44.
  • On Monday, August 11th, Richard Todd Schwartz sold 100,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.62, for a total value of $1,862,000.00.
  • On Friday, August 8th, Richard Todd Schwartz sold 93,905 shares of Rush Street Interactive stock. The shares were sold at an average price of $18.67, for a total value of $1,753,206.35.

Rush Street Interactive Trading Down 2.3%

RSI stock traded down $0.44 during midday trading on Friday, reaching $18.39. The stock had a trading volume of 1,755,504 shares, compared to its average volume of 1,674,885. The company's fifty day simple moving average is $20.51 and its 200 day simple moving average is $15.58. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 91.95 and a beta of 1.87. Rush Street Interactive, Inc. has a 52-week low of $9.54 and a 52-week high of $22.65.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RSI. Wall Street Zen downgraded Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Rush Street Interactive in a report on Wednesday. Zacks Research cut Rush Street Interactive from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Needham & Company LLC lifted their target price on Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Susquehanna reaffirmed a "positive" rating and issued a $19.00 price target (up previously from $15.00) on shares of Rush Street Interactive in a research note on Wednesday, July 30th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.33.

Get Our Latest Analysis on Rush Street Interactive

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in Rush Street Interactive by 1.3% in the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company's stock valued at $92,592,000 after acquiring an additional 80,471 shares in the last quarter. Nuveen LLC acquired a new position in Rush Street Interactive in the 1st quarter valued at about $29,005,000. William Blair Investment Management LLC grew its position in Rush Street Interactive by 4.8% in the 2nd quarter. William Blair Investment Management LLC now owns 2,675,601 shares of the company's stock valued at $39,866,000 after acquiring an additional 121,992 shares in the last quarter. Driehaus Capital Management LLC grew its position in Rush Street Interactive by 12.7% in the 1st quarter. Driehaus Capital Management LLC now owns 2,480,268 shares of the company's stock valued at $26,588,000 after acquiring an additional 279,751 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Rush Street Interactive by 100.9% in the 2nd quarter. Marshall Wace LLP now owns 2,372,671 shares of the company's stock valued at $35,353,000 after acquiring an additional 1,191,546 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

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.

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