Calamos Advisors LLC Purchases 95,932 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Calamos Advisors LLC increased its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 26.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 457,941 shares of the company's stock after purchasing an additional 95,932 shares during the quarter. Calamos Advisors LLC owned approximately 0.20% of Rush Street Interactive worth $6,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New York State Teachers Retirement System lifted its holdings in shares of Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company's stock worth $75,000 after buying an additional 1,020 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Rush Street Interactive by 0.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company's stock worth $3,572,000 after buying an additional 1,087 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in shares of Rush Street Interactive by 7.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company's stock worth $279,000 after buying an additional 1,745 shares during the last quarter. R Squared Ltd acquired a new position in shares of Rush Street Interactive during the fourth quarter worth approximately $28,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $34,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Paul Wierbicki sold 35,000 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the transaction, the insider now owns 139,982 shares of the company's stock, valued at $1,571,997.86. This represents a 20.00 % 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, insider Einar Roosileht sold 48,968 shares of the company's 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 transaction, the insider now directly owns 830,292 shares in the company, valued at $11,657,299.68. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 979,287 shares of company stock valued at $13,001,678 over the last 90 days. 56.89% of the stock is owned by company insiders.

Rush Street Interactive Stock Performance

Rush Street Interactive stock traded down $0.32 on Friday, reaching $14.07. The company's stock had a trading volume of 3,215,940 shares, compared to its average volume of 1,648,963. Rush Street Interactive, Inc. has a twelve month low of $5.22 and a twelve month high of $15.98. The company has a market cap of $3.18 billion, a price-to-earnings ratio of -703.40 and a beta of 1.88. The business's fifty day moving average price is $14.15 and its 200 day moving average price is $11.80.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RSI shares. Craig Hallum boosted their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Jefferies Financial Group upped their price target on Rush Street Interactive from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, Needham & Company LLC upped their price target on Rush Street Interactive from $15.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, January 17th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.00.

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.