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

Rush Street Interactive, Inc. (NYSE:RSI) CEO Richard Todd Schwartz sold 96,987 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $18.79, for a total value of $1,822,385.73. Following the completion of the transaction, the chief executive officer directly owned 574,147 shares of the company’s stock, valued at approximately $10,788,222.13. The trade was a 14.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 stock was 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 transaction of $2,855,089.44.
• On Monday, August 11th, Richard Todd Schwartz sold 100,000 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.62, for a total transaction 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 transaction of $1,753,206.35.

Rush Street Interactive Stock Down 2.3%

NYSE:RSI opened at $18.39 on Monday. The firm has a market cap of $4.20 billion, a PE ratio of 91.95 and a beta of 1.87. Rush Street Interactive, Inc. has a 12 month low of $9.54 and a 12 month high of $22.65. The company’s 50-day moving average price is $20.49 and its two-hundred day moving average price is $15.70.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on RSI shares. Weiss Ratings restated a “hold (c)” rating on shares of Rush Street Interactive in a research note on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Rush Street Interactive in a research report on Monday, June 23rd. They issued a “neutral” rating and a $14.00 price objective for the company. Susquehanna reiterated a “positive” rating and set a $19.00 target price (up from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Jefferies Financial Group set a $27.00 price target on shares of Rush Street Interactive in a research note on Sunday. Finally, Benchmark boosted their price objective on shares of Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Monday, September 8th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and an average price target of $19.33.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its holdings in Rush Street Interactive by 52.9% in the third quarter. Assenagon Asset Management S.A. now owns 858,182 shares of the company’s stock valued at $17,576,000 after buying an additional 296,916 shares during the period. City Center Advisors LLC acquired a new position in shares of Rush Street Interactive in the 3rd quarter valued at $350,000. Osaic Holdings Inc. boosted its position in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares during the last quarter. State of Wyoming acquired a new stake in shares of Rush Street Interactive during the second quarter worth $212,000. Finally, Nomura Holdings Inc. bought a new stake in Rush Street Interactive in the second quarter valued at about $474,000. 24.78% of the stock is owned by institutional investors.

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.