91,729 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Bought by Monimus Capital Management LP

Monimus Capital Management LP bought a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 91,729 shares of the company's stock, valued at approximately $1,259,000.

Other institutional investors have also made changes to their positions in the company. Caprock Group LLC bought a new position in shares of Rush Street Interactive during the third quarter worth approximately $4,178,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Rush Street Interactive by 72.2% in 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 buying an additional 344,276 shares in the last quarter. Algert Global LLC increased its position in Rush Street Interactive by 117.6% during the 3rd quarter. Algert Global LLC now owns 510,361 shares of the company's stock worth $5,537,000 after buying an additional 275,788 shares during the period. Jupiter Asset Management Ltd. lifted its holdings in shares of Rush Street Interactive by 38.0% during the fourth quarter. Jupiter Asset Management Ltd. now owns 884,913 shares of the company's stock worth $12,141,000 after buying an additional 243,562 shares in the last quarter. Finally, Millrace Asset Group Inc. bought a new stake in shares of Rush Street Interactive in the third quarter valued at about $2,135,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RSI has been the subject of several analyst reports. Benchmark lifted their price objective on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Wells Fargo & Company raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. Macquarie restated an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. Finally, Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. One research 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. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $15.50.

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Rush Street Interactive Trading Up 4.0 %

NYSE:RSI traded up $0.43 during mid-day trading on Wednesday, hitting $11.09. 1,759,886 shares of the company's stock were exchanged, compared to its average volume of 1,852,606. Rush Street Interactive, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $16.78. The firm has a market capitalization of $2.53 billion, a P/E ratio of -554.30 and a beta of 1.92. The company has a 50 day simple moving average of $13.58 and a 200-day simple moving average of $12.43.

Insider Activity

In other news, insider Einar Roosileht sold 48,968 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total value of $687,510.72. Following the completion of the sale, the insider now owns 830,292 shares of the company's stock, valued at approximately $11,657,299.68. This represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kyle Sauers sold 28,381 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $10.70, for a total value of $303,676.70. Following the transaction, the chief financial officer now owns 470,323 shares of the company's stock, valued at $5,032,456.10. This trade represents a 5.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 988,545 shares of company stock valued at $13,174,489. Insiders own 56.89% of the company's stock.

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.