ExodusPoint Capital Management LP acquired a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 119,899 shares of the company's stock, valued at approximately $1,645,000. ExodusPoint Capital Management LP owned about 0.05% of Rush Street Interactive at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its holdings in shares of Rush Street Interactive by 0.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company's stock worth $3,572,000 after acquiring an additional 1,087 shares during the period. R Squared Ltd acquired a new position in shares of Rush Street Interactive during the fourth quarter worth approximately $28,000. Arizona State Retirement System grew its holdings in Rush Street Interactive by 11.0% in the 4th quarter. Arizona State Retirement System now owns 22,913 shares of the company's stock worth $314,000 after buying an additional 2,265 shares in the last quarter. Rhumbline Advisers increased its position in Rush Street Interactive by 2.4% in the 4th quarter. Rhumbline Advisers now owns 103,426 shares of the company's stock valued at $1,419,000 after acquiring an additional 2,457 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in Rush Street Interactive during the 4th quarter valued at $34,000. 24.78% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Rush Street Interactive
In related news, CEO Richard Todd Schwartz sold 133,905 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $14.22, for a total value of $1,904,129.10. Following the completion of the sale, the chief executive officer now directly owns 2,251,943 shares in the company, valued at approximately $32,022,629.46. This represents a 5.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul Wierbicki sold 7,500 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total value of $112,500.00. Following the transaction, the insider now directly owns 139,387 shares in the company, valued at approximately $2,090,805. This represents a 5.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 755,281 shares of company stock valued at $8,946,577 in the last 90 days. 56.89% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
RSI has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Wells Fargo & Company raised their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Macquarie reaffirmed an "outperform" rating and set a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Susquehanna upgraded Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive has an average rating of "Buy" and a consensus price target of $15.50.
Check Out Our Latest Research Report on Rush Street Interactive
Rush Street Interactive Price Performance
Rush Street Interactive stock traded up $0.19 during midday trading on Monday, reaching $11.88. The stock had a trading volume of 127,139 shares, compared to its average volume of 1,893,350. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -594.00 and a beta of 1.90. Rush Street Interactive, Inc. has a twelve month low of $5.71 and a twelve month high of $16.78. The firm's fifty day simple moving average is $12.16 and its two-hundred day simple moving average is $12.57.
Rush Street Interactive Company Profile
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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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