Rush Street Interactive, Inc. (NYSE:RSI) Shares Sold by Fmr LLC

FMR LLC trimmed its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 97.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,380 shares of the company's stock after selling 1,579,448 shares during the quarter. FMR LLC's holdings in Rush Street Interactive were worth $471,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RSI. Algert Global LLC lifted its position in shares of Rush Street Interactive by 117.6% during the third quarter. Algert Global LLC now owns 510,361 shares of the company's stock valued at $5,537,000 after buying an additional 275,788 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Rush Street Interactive by 26.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 741,862 shares of the company's stock worth $8,049,000 after purchasing an additional 154,785 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Rush Street Interactive during the third quarter worth $192,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Rush Street Interactive by 72.2% during the 3rd 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. Finally, Caprock Group LLC acquired a new stake in shares of Rush Street Interactive in the 3rd quarter worth $4,178,000. Institutional investors own 24.78% of the company's stock.

Insider Buying and Selling at Rush Street Interactive

In related news, insider Paul Wierbicki sold 35,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.23, for a total transaction of $393,050.00. Following the sale, the insider now owns 139,982 shares in the company, valued at approximately $1,571,997.86. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard Todd Schwartz sold 103,905 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.02, for a total transaction of $1,145,033.10. Following the completion of the transaction, the chief executive officer now owns 1,703,578 shares of the company's stock, 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. In the last quarter, insiders sold 357,595 shares of company stock worth $4,224,380. Insiders own 56.89% of the company's stock.

Analyst Upgrades and Downgrades

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

Rush Street Interactive Stock Performance

NYSE RSI traded up $0.15 on Thursday, reaching $13.14. 1,367,794 shares of the company's stock traded hands, compared to its average volume of 1,680,155. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $14.92. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -657.00 and a beta of 1.88. The stock has a 50 day moving average price of $12.18 and a 200-day moving average price of $10.52.

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.