Rush Street Interactive (NYSE:RSI) CEO Richard Todd Schwartz Sells 57,167 Shares

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 57,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $20.87, for a total value of $1,193,075.29. Following the sale, the chief executive officer directly owned 823,566 shares in the company, valued at $17,187,822.42. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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.
• On Tuesday, July 8th, Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock. The shares were sold at an average price of $15.39, for a total value of $2,984,197.95.

Rush Street Interactive Stock Performance

NYSE RSI opened at $21.09 on Thursday. The company has a market cap of $4.82 billion, a P/E ratio of 105.43 and a beta of 1.90. The business’s 50 day moving average price is $18.22 and its 200-day moving average price is $14.20. Rush Street Interactive, Inc. has a fifty-two week low of $9.22 and a fifty-two week high of $22.55.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $269.22 million for the quarter, compared to the consensus estimate of $248.98 million. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%.The company’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Man Group plc boosted its stake in shares of Rush Street Interactive by 0.7% during the second quarter. Man Group plc now owns 89,535 shares of the company’s stock valued at $1,334,000 after purchasing an additional 654 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Rush Street Interactive by 5.3% during the second quarter. Cerity Partners LLC now owns 23,067 shares of the company’s stock valued at $344,000 after purchasing an additional 1,167 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Rush Street Interactive by 5.4% during the first quarter. Arizona State Retirement System now owns 24,145 shares of the company’s stock valued at $259,000 after purchasing an additional 1,232 shares in the last quarter. Pacer Advisors Inc. boosted its stake 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 valued at $27,000 after purchasing an additional 1,232 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in shares of Rush Street Interactive by 11.1% during the second quarter. Teacher Retirement System of Texas now owns 13,615 shares of the company’s stock valued at $203,000 after purchasing an additional 1,358 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on RSI shares. Oppenheimer upped their target price on Rush Street Interactive from $16.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. started coverage on Rush Street Interactive in a research note on Monday, June 23rd. They set a “neutral” rating and a $14.00 target price on the stock. Benchmark upped their target price on Rush Street Interactive from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Zacks Research raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

Rush Street Interactive Company Profile

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.