Rush Street Interactive, Inc. (NYSE:RSI) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 178.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 192,628 shares of the company's stock after buying an additional 123,486 shares during the quarter. Barclays PLC owned 0.09% of Rush Street Interactive worth $2,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSI. Driehaus Capital Management LLC bought a new position in Rush Street Interactive in the 2nd quarter valued at $10,605,000. Marshall Wace LLP boosted its stake in shares of Rush Street Interactive by 185.5% during the second quarter. Marshall Wace LLP now owns 981,822 shares of the company's stock valued at $9,416,000 after purchasing an additional 637,883 shares during the period. Millennium Management LLC grew its holdings in shares of Rush Street Interactive by 378.4% in the second quarter. Millennium Management LLC now owns 620,552 shares of the company's stock worth $5,951,000 after purchasing an additional 490,831 shares during the last quarter. Renaissance Technologies LLC increased its stake in Rush Street Interactive by 47.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company's stock worth $14,425,000 after buying an additional 482,872 shares during the period. Finally, Caprock Group LLC bought a new stake in Rush Street Interactive during the 3rd quarter valued at about $4,178,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Down 0.6 %

RSI stock traded down $0.08 during trading on Friday, hitting $13.74. 1,359,928 shares of the company's stock traded hands, compared to its average volume of 1,677,308. The firm has a market capitalization of $3.10 billion, a P/E ratio of -687.00 and a beta of 1.88. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.92. The business has a fifty day simple moving average of $12.52 and a two-hundred day simple moving average of $10.74.

Insider Buying and Selling at Rush Street Interactive

In other news, CFO Kyle Sauers sold 25,934 shares of the company's stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $12.30, for a total transaction of $318,988.20. Following the transaction, the chief financial officer now directly owns 338,614 shares of the company's stock, valued at approximately $4,164,952.20. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Wierbicki sold 35,000 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.23, for a total value of $393,050.00. Following the completion of the sale, the insider now directly owns 139,982 shares of the company's stock, valued at $1,571,997.86. The trade was a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 357,595 shares of company stock valued at $4,224,380. 56.89% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RSI shares. Craig Hallum upped their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC lifted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.43.

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.