Rush Street Interactive, Inc. (NYSE:RSI) Shares Sold by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC cut its position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,081 shares of the company's stock after selling 51,228 shares during the quarter. Jackson Creek Investment Advisors LLC owned approximately 0.05% of Rush Street Interactive worth $1,579,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in Rush Street Interactive during the fourth quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Rush Street Interactive in the fourth quarter valued at $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rush Street Interactive in the third quarter valued at $44,000. Point72 DIFC Ltd acquired a new position in Rush Street Interactive in the third quarter valued at $70,000. Finally, New York State Teachers Retirement System lifted its position in 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 period. Institutional investors and hedge funds own 24.78% of the company's stock.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 149,605 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $14.61, for a total value of $2,185,729.05. Following the completion of the transaction, the chief executive officer now directly owns 2,151,648 shares in the company, valued at approximately $31,435,577.28. This represents a 6.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Einar Roosileht sold 70,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $11.67, for a total value of $816,900.00. Following the sale, the insider now owns 946,150 shares of the company's stock, valued at $11,041,570.50. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 850,597 shares of company stock worth $11,791,577. 56.89% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

RSI has been the subject of several recent analyst reports. Needham & Company LLC restated a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. Susquehanna raised shares of Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. JMP Securities reissued a "market perform" rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Wells Fargo & Company upped their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Finally, Benchmark lifted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $15.50.

Rush Street Interactive Price Performance

NYSE RSI traded up $0.13 during trading hours on Tuesday, hitting $10.09. The company had a trading volume of 2,117,014 shares, compared to its average volume of 1,836,294. The firm's 50 day moving average is $14.02 and its 200 day moving average is $12.38. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -504.25 and a beta of 1.92. Rush Street Interactive, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $16.78.

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.