Rush Street Interactive, Inc. (NYSE:RSI) Holdings Increased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 5.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,736,259 shares of the company's stock after buying an additional 92,314 shares during the period. Geode Capital Management LLC owned 0.77% of Rush Street Interactive worth $18,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millrace Asset Group Inc. acquired a new stake in Rush Street Interactive in the third quarter valued at about $2,135,000. Principal Financial Group Inc. lifted its position in shares of Rush Street Interactive by 656.2% in the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company's stock valued at $843,000 after acquiring an additional 67,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 worth $8,907,000 after purchasing an additional 344,276 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Rush Street Interactive during the second quarter worth approximately $587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Rush Street Interactive during the third quarter worth about $656,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Rush Street Interactive Stock Down 0.6 %

Shares of Rush Street Interactive stock traded down $0.08 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. Rush Street Interactive, Inc. has a 52-week low of $3.56 and a 52-week high of $14.92. The stock has a market cap of $3.10 billion, a P/E ratio of -687.00 and a beta of 1.88. The firm's 50-day moving average is $12.52 and its 200 day moving average is $10.75.

Insider Transactions at Rush Street Interactive

In related news, COO Mattias Stetz sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $12.00, for a total transaction of $60,000.00. Following the sale, the chief operating officer now owns 575,484 shares in the company, valued at $6,905,808. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Todd Schwartz sold 45,256 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $13.51, for a total value of $611,408.56. Following the completion of the sale, the chief executive officer now owns 1,762,227 shares in the company, valued at approximately $23,807,686.77. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 357,595 shares of company stock valued at $4,224,380. Insiders own 56.89% of the company's stock.

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.