Key Points
- Rush Street Interactive CEO Richard Todd Schwartz sold 59,757 shares on Dec. 9 at an average price of $18.82 for $1.12M, leaving him with 454,821 shares — a reported 11.61% decrease in his ownership.
- Schwartz has sold a total of about 581,715 shares across multiple transactions since early October, generating roughly $10.6 million in proceeds.
- For context, Rush Street Interactive recently beat quarterly expectations with $0.09 EPS and $277.9M revenue (up 19.7% YoY); the stock has a $4.4B market cap and a consensus analyst target of $20.75 ("Moderate Buy").
Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) CEO Richard Todd Schwartz sold 59,757 shares of the firm's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $18.82, for a total value of $1,124,626.74. Following the sale, the chief executive officer directly owned 454,821 shares of the company's stock, valued at $8,559,731.22. This represents a 11.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Richard Todd Schwartz also recently made the following trade(s):
- On Monday, December 8th, Richard Todd Schwartz sold 134,148 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.37, for a total transaction of $2,464,298.76.
- On Tuesday, November 11th, Richard Todd Schwartz sold 72,446 shares of Rush Street Interactive stock. The shares were sold at an average price of $17.41, for a total transaction of $1,261,284.86.
- On Monday, November 10th, Richard Todd Schwartz sold 121,459 shares of Rush Street Interactive stock. The stock was sold at an average price of $17.52, for a total transaction of $2,127,961.68.
- On Thursday, October 9th, Richard Todd Schwartz sold 96,987 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.79, for a total value of $1,822,385.73.
- On Wednesday, October 8th, Richard Todd Schwartz sold 96,918 shares of Rush Street Interactive stock. The stock was sold at an average price of $18.20, for a total transaction of $1,763,907.60.
Rush Street Interactive Stock Performance
NYSE RSI opened at $19.19 on Wednesday. The company has a market cap of $4.40 billion, a PE ratio of 76.75 and a beta of 1.65. The firm's 50 day moving average price is $18.18 and its 200-day moving average price is $17.62. 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 released its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The business had revenue of $277.91 million during the quarter, compared to analyst estimates of $264.60 million. During the same period in the prior year, the firm posted $0.05 earnings per share. The company's quarterly revenue was up 19.7% on a year-over-year basis. On average, analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on RSI shares. Weiss Ratings reissued a "hold (c)" rating on shares of Rush Street Interactive in a report on Wednesday, October 8th. Jefferies Financial Group upped their target price on Rush Street Interactive from $26.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, October 30th. Craig Hallum reissued a "buy" rating on shares of Rush Street Interactive in a research report on Tuesday. Oppenheimer restated an "outperform" rating and set a $24.00 price objective on shares of Rush Street Interactive in a research note on Thursday, October 30th. Finally, Wall Street Zen upgraded shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.75.
Check Out Our Latest Stock Analysis on Rush Street Interactive
Institutional Trading of Rush Street Interactive
Several institutional investors have recently bought and sold shares of RSI. Concord Wealth Partners acquired a new position in shares of Rush Street Interactive during the 3rd quarter worth approximately $41,000. Farther Finance Advisors LLC acquired a new position in Rush Street Interactive during the second quarter worth $42,000. Summit Securities Group LLC purchased a new position in Rush Street Interactive during the first quarter valued at $33,000. Osaic Holdings Inc. grew its position in shares of Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company's stock valued at $73,000 after purchasing an additional 1,868 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Rush Street Interactive by 57.2% during the third quarter. Pacer Advisors Inc. now owns 5,027 shares of the company's stock worth $103,000 after purchasing an additional 1,830 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.
Rush Street Interactive Company Profile
(
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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