Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz Sells 103,905 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 103,905 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.02, for a total transaction of $1,145,033.10. Following the transaction, the chief executive officer now directly owns 1,703,578 shares of the company’s stock, valued at $18,773,429.56. The trade was a 5.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, November 18th, Richard Todd Schwartz sold 90,000 shares of Rush Street Interactive stock. The shares were sold at an average price of $11.20, for a total value of $1,008,000.00.

Rush Street Interactive Stock Up 5.2 %

Shares of RSI stock opened at $11.84 on Wednesday. The stock has a 50-day simple moving average of $10.77 and a 200 day simple moving average of $9.77. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $12.46. The stock has a market capitalization of $2.67 billion, a P/E ratio of -592.00 and a beta of 1.78.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RSI. Oppenheimer increased their price objective on Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC increased their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on shares of Rush Street Interactive from $11.00 to $13.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Craig Hallum increased 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 report on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.43.

Hedge Funds Weigh In On Rush Street Interactive

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Rush Street Interactive by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock worth $35,683,000 after purchasing an additional 85,736 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Rush Street Interactive in the second quarter valued at $1,565,000. Acadian Asset Management LLC acquired a new stake in shares of Rush Street Interactive during the 2nd quarter valued at $587,000. GSA Capital Partners LLP boosted its stake in shares of Rush Street Interactive by 42.6% during the 3rd quarter. GSA Capital Partners LLP now owns 279,367 shares of the company’s stock worth $3,031,000 after acquiring an additional 83,436 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter worth $10,605,000. Institutional investors own 24.78% of the company’s stock.

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.