Harbour Capital Advisors LLC purchased a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 57,710 shares of the company's stock, valued at approximately $822,000.
Other institutional investors and hedge funds have also modified their holdings of the company. New York State Teachers Retirement System increased 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 in the last quarter. Quarry LP grew its position in Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company's stock worth $84,000 after acquiring an additional 1,200 shares during the last quarter. Mesirow Financial Investment Management Inc. increased its holdings in Rush Street Interactive by 7.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company's stock worth $279,000 after purchasing an additional 1,745 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rush Street Interactive in the 3rd quarter worth about $44,000. Finally, The Manufacturers Life Insurance Company raised its position in Rush Street Interactive by 25.6% in the second quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company's stock valued at $275,000 after purchasing an additional 5,840 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. Craig Hallum upped their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "buy" rating in a report on Thursday, October 31st. Finally, JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $13.50.
Check Out Our Latest Stock Analysis on Rush Street Interactive
Rush Street Interactive Price Performance
NYSE RSI traded up $0.02 during mid-day trading on Monday, reaching $14.00. 1,393,917 shares of the stock were exchanged, compared to its average volume of 1,903,288. The stock has a market cap of $3.16 billion, a P/E ratio of -700.00 and a beta of 1.88. Rush Street Interactive, Inc. has a one year low of $3.56 and a one year high of $14.96. The stock has a 50 day simple moving average of $13.27 and a 200-day simple moving average of $11.12.
Insiders Place Their Bets
In other news, insider Einar Roosileht sold 48,968 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total transaction of $687,510.72. Following the completion of the sale, the insider now owns 830,292 shares of the company's stock, valued at $11,657,299.68. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Wierbicki sold 35,000 shares of the business'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 transaction, the insider now owns 139,982 shares in the company, 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 ninety days, insiders sold 870,868 shares of company stock worth $11,437,217. Company insiders own 56.89% of the company's stock.
About Rush Street Interactive
(
Free Report)
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.
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