Rush Street Interactive, Inc. (NYSE:RSI) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 45.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 147,747 shares of the company's stock after purchasing an additional 46,293 shares during the period. American Century Companies Inc. owned about 0.07% of Rush Street Interactive worth $2,027,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Rush Street Interactive by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company's stock valued at $18,843,000 after purchasing an additional 92,314 shares during the last quarter. State Street Corp boosted its holdings in shares of Rush Street Interactive by 3.6% in the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company's stock valued at $17,500,000 after buying an additional 55,697 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $21,635,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Rush Street Interactive by 18.8% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 975,351 shares of the company's stock worth $13,382,000 after acquiring an additional 154,396 shares in the last quarter. Finally, 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 valued at $12,141,000 after acquiring an additional 243,562 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive Stock Performance

Shares of RSI traded up $0.43 during midday trading on Friday, hitting $11.72. 1,228,628 shares of the stock were exchanged, compared to its average volume of 1,900,362. Rush Street Interactive, Inc. has a 52-week low of $5.71 and a 52-week high of $16.78. The stock has a fifty day simple moving average of $12.16 and a 200 day simple moving average of $12.57. The firm has a market cap of $2.67 billion, a P/E ratio of -586.05 and a beta of 1.90.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on RSI shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. Susquehanna raised Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Jefferies Financial Group raised their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Wells Fargo & Company upped their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Rush Street Interactive in a research report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive has a consensus rating of "Buy" and a consensus price target of $15.50.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 4,419 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $13.75, for a total transaction of $60,761.25. Following the completion of the sale, the chief executive officer now directly owns 2,392,587 shares of the company's stock, valued at approximately $32,898,071.25. This trade represents a 0.18 % decrease in their position. 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 9,300 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $12.00, for a total value of $111,600.00. Following the sale, the insider now directly owns 946,850 shares of the company's stock, valued at approximately $11,362,200. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 759,700 shares of company stock valued at $9,007,338. Insiders own 56.89% of the company's stock.

Rush Street Interactive 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.