30,875 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Acquired by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 30,875 shares of the company's stock, valued at approximately $424,000.

Several other hedge funds and other institutional investors have also made changes to their positions in RSI. William Blair Investment Management LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at about $21,635,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Rush Street Interactive by 72.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company's stock valued at $8,907,000 after purchasing an additional 344,276 shares during the last quarter. Algert Global LLC increased its holdings in shares of Rush Street Interactive by 117.6% in the third quarter. Algert Global LLC now owns 510,361 shares of the company's stock valued at $5,537,000 after purchasing an additional 275,788 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in Rush Street Interactive by 38.0% during the fourth quarter. Jupiter Asset Management Ltd. now owns 884,913 shares of the company's stock worth $12,141,000 after buying an additional 243,562 shares in the last quarter. Finally, Globeflex Capital L P acquired a new position in Rush Street Interactive during the fourth quarter worth $2,787,000. Hedge funds and other institutional investors own 24.78% of the company's stock.

Rush Street Interactive Price Performance

Shares of RSI stock traded down $0.10 on Tuesday, hitting $11.24. The stock had a trading volume of 1,131,319 shares, compared to its average volume of 1,833,988. The company's 50 day moving average price is $13.33 and its 200-day moving average price is $12.48. Rush Street Interactive, Inc. has a 1 year low of $5.71 and a 1 year high of $16.78. The firm has a market capitalization of $2.56 billion, a P/E ratio of -562.00 and a beta of 1.92.

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Insider Activity

In other news, Director Judith Gold sold 118,001 shares of the company's stock in a transaction on Monday, December 30th. The stock was sold at an average price of $13.55, for a total transaction of $1,598,913.55. Following the sale, the director now owns 21,999 shares of the company's stock, valued at approximately $298,086.45. This represents a 84.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Einar Roosileht sold 48,968 shares of Rush Street Interactive stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total value of $687,510.72. Following the completion of the transaction, the insider now owns 830,292 shares of the company's stock, valued at approximately $11,657,299.68. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 988,545 shares of company stock valued at $13,174,489. 56.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on RSI. JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC reiterated a "buy" rating and issued a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. Susquehanna raised shares of Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Wells Fargo & Company lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, Macquarie restated an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $15.50.

About Rush Street Interactive

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.