Rush Street Interactive (NYSE:RSI) CEO Sells $46,383.30 in Stock

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Schwartz sold 3,690 shares of Rush Street Interactive stock in a transaction on Monday, November 9th. The stock was sold at an average price of $12.57, for a total transaction of $46,383.30. Following the completion of the transaction, the chief executive officer directly owned 375,836 shares of the company’s stock, valued at $4,724,258.52. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, November 9th, Richard Schwartz sold 1,800 shares of Rush Street Interactive stock. The stock was sold at an average price of $12.57, for a total transaction of $22,626.00.
• On Thursday, October 1st, Richard Schwartz sold 111,110 shares of Rush Street Interactive stock. The shares were sold at an average price of $19.88, for a total transaction of $2,208,866.80.
• On Thursday, October 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The shares were sold at an average price of $19.88, for a total transaction of $938,773.36.
• On Tuesday, September 1st, Richard Schwartz sold 111,110 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.69, for a total transaction of $2,854,415.90.
• On Tuesday, September 1st, Richard Schwartz sold 47,222 shares of Rush Street Interactive stock. The shares were sold at an average price of $25.69, for a total transaction of $1,213,133.18.

Rush Street Interactive Stock Up 0.6%

RSI traded up $0.07 on Friday, hitting $11.87. The company had a trading volume of 1,685,381 shares, compared to its average volume of 5,069,428. The company has a market cap of $2.74 billion, a PE ratio of 35.97 and a beta of 1.80. Rush Street Interactive, Inc. has a 12-month low of $11.27 and a 12-month high of $34.53. The business’s fifty day simple moving average is $18.69 and its 200 day simple moving average is $23.42.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. Rush Street Interactive had a return on equity of 24.46% and a net margin of 2.56%. The company had revenue of $385.85 million for the quarter, compared to analysts’ expectations of $388.05 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm’s revenue for the quarter was up 38.8% on a year-over-year basis. On average, analysts anticipate that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new stake in shares of Rush Street Interactive in the second quarter worth approximately $35,000. Jacobi Capital Management LLC bought a new stake in shares of Rush Street Interactive during the 3rd quarter worth approximately $35,000. CoreCap Advisors LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth approximately $54,000. Allworth Financial LP purchased a new position in Rush Street Interactive during the 2nd quarter valued at $57,000. Finally, Advisors Asset Management Inc. purchased a new position in Rush Street Interactive during the 3rd quarter valued at $68,000. Institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RSI shares. JPMorgan Chase & Co. dropped their target price on Rush Street Interactive from $22.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. Susquehanna decreased their price target on Rush Street Interactive from $37.00 to $27.00 and set a “positive” rating on the stock in a report on Friday, October 9th. Wall Street Zen upgraded Rush Street Interactive from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. Oppenheimer lowered their price target on Rush Street Interactive from $36.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Finally, Morgan Stanley initiated coverage on shares of Rush Street Interactive in a research note on Monday, October 19th. They set an “equal weight” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Rush Street Interactive has an average rating of “Moderate Buy” and an average price target of $26.46.

About Rush Street Interactive

Rush Street Interactive, Inc. is an online gaming company that offers real-money online casino games and sports betting. Its consumer-facing brands include BetRivers and, in some markets, PlaySugarHouse. The company also offers free-to-play gaming products. Rush Street Interactive was established in 2012 as part of the Rush Street Gaming group and became a publicly traded company in 2020. It operates in regulated markets in the United States, Canada and Latin America, with the availability of its products varying by jurisdiction.