UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 60,420 shares of the company's stock, valued at approximately $656,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rush Street Interactive during the third quarter valued at approximately $44,000. New York State Teachers Retirement System lifted its stake in Rush Street Interactive by 17.2% in the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company's stock valued at $75,000 after purchasing an additional 1,020 shares during the last quarter. Quarry LP grew its holdings in Rush Street Interactive by 15.9% during the second quarter. Quarry LP now owns 8,762 shares of the company's stock valued at $84,000 after purchasing an additional 1,200 shares during the period. CWM LLC increased its position in Rush Street Interactive by 425.6% in the third quarter. CWM LLC now owns 9,209 shares of the company's stock worth $100,000 after buying an additional 7,457 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Rush Street Interactive in the second quarter valued at $98,000. Institutional investors own 24.78% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Craig Hallum raised their price objective on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC boosted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $12.43.
Read Our Latest Stock Analysis on RSI
Rush Street Interactive Stock Up 4.0 %
Shares of NYSE:RSI traded up $0.53 during midday trading on Friday, reaching $13.67. The company's stock had a trading volume of 3,054,905 shares, compared to its average volume of 1,685,743. The firm has a 50 day moving average of $12.27 and a 200-day moving average of $10.57. The firm has a market capitalization of $3.09 billion, a P/E ratio of -683.50 and a beta of 1.88. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $14.92.
Insider Buying and Selling
In other news, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.02, for a total value of $220,400.00. Following the completion of the sale, the chief operating officer now directly owns 580,484 shares in the company, valued at $6,396,933.68. The trade was a 3.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard Todd Schwartz sold 103,905 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $11.02, for a total transaction of $1,145,033.10. Following the transaction, the chief executive officer now owns 1,703,578 shares in the company, valued at approximately $18,773,429.56. This trade represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 357,595 shares of company stock valued at $4,224,380 over the last quarter. Corporate insiders own 56.89% of the company's stock.
Rush Street Interactive Profile
(
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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