33,099 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Purchased by HighTower Advisors LLC

HighTower Advisors LLC purchased a new stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,099 shares of the company's stock, valued at approximately $454,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC lifted its position in shares of Rush Street Interactive by 184.7% during the 4th quarter. AlphaQuest LLC now owns 16,626 shares of the company's stock valued at $228,000 after acquiring an additional 10,786 shares during the period. Raymond James Financial Inc. bought a new stake in Rush Street Interactive in the fourth quarter valued at $1,282,000. Arizona State Retirement System raised its holdings in shares of Rush Street Interactive by 11.0% during the fourth quarter. Arizona State Retirement System now owns 22,913 shares of the company's stock valued at $314,000 after purchasing an additional 2,265 shares during the period. Aigen Investment Management LP boosted its position in shares of Rush Street Interactive by 35.6% during the 4th quarter. Aigen Investment Management LP now owns 17,347 shares of the company's stock worth $238,000 after purchasing an additional 4,553 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in shares of Rush Street Interactive in the 4th quarter valued at about $415,000. 24.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $10.84, for a total transaction of $216,800.00. Following the transaction, the chief operating officer now owns 426,051 shares of the company's stock, valued at $4,618,392.84. This trade represents a 4.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Richard Todd Schwartz sold 33,142 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $13.98, for a total value of $463,325.16. Following the completion of the transaction, the chief executive officer now directly owns 2,118,506 shares of the company's stock, valued at approximately $29,616,713.88. This represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 884,034 shares of company stock worth $11,499,975. 56.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $17.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Wells Fargo & Company lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Macquarie restated an "outperform" rating and set a $16.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Jefferies Financial Group lifted their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Rush Street Interactive currently has a consensus rating of "Buy" and an average price target of $15.50.

Rush Street Interactive Price Performance

Shares of NYSE RSI traded down $0.62 during trading on Thursday, hitting $10.75. The stock had a trading volume of 1,642,830 shares, compared to its average volume of 1,884,056. The firm has a fifty day moving average of $12.70 and a two-hundred day moving average of $12.52. The company has a market capitalization of $2.45 billion, a PE ratio of -537.55 and a beta of 1.92. Rush Street Interactive, Inc. has a 12 month low of $5.71 and a 12 month high of $16.78.

Rush Street Interactive Company 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.