OmniStar Financial Group Inc. lifted its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 581.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,862 shares of the company's stock after purchasing an additional 68,992 shares during the quarter. OmniStar Financial Group Inc.'s holdings in Rush Street Interactive were worth $877,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Rush Street Interactive by 13,627.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company's stock worth $78,000 after purchasing an additional 11,856 shares during the period. Quarry LP raised its position in shares of Rush Street Interactive by 15.9% in the 2nd quarter. Quarry LP now owns 8,762 shares of the company's stock valued at $84,000 after purchasing an additional 1,200 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Rush Street Interactive in the second quarter valued at $98,000. CWM LLC lifted its position in shares of Rush Street Interactive by 425.6% during the third quarter. CWM LLC now owns 9,209 shares of the company's stock worth $100,000 after purchasing an additional 7,457 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in Rush Street Interactive by 303.9% in the first quarter. North Star Investment Management Corp. now owns 20,600 shares of the company's stock worth $134,000 after purchasing an additional 15,500 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.
Rush Street Interactive Stock Performance
Shares of Rush Street Interactive stock traded down $0.12 during trading on Friday, hitting $11.01. 1,407,382 shares of the stock were exchanged, compared to its average volume of 1,586,409. The stock has a market cap of $2.48 billion, a PE ratio of -64.76 and a beta of 1.79. The stock's fifty day moving average is $10.00 and its 200 day moving average is $9.06. Rush Street Interactive, Inc. has a 12 month low of $3.17 and a 12 month high of $11.59.
Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. The company had revenue of $220.38 million for the quarter, compared to analyst estimates of $201.37 million. Rush Street Interactive had a negative net margin of 0.84% and a negative return on equity of 12.45%. Rush Street Interactive's revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) earnings per share. Sell-side analysts anticipate that Rush Street Interactive, Inc. will post -0.01 EPS for the current fiscal year.
Insider Buying and Selling at Rush Street Interactive
In other news, CEO Richard Todd Schwartz sold 78,593 shares of the firm's stock in a transaction on Monday, August 5th. The stock was sold at an average price of $9.56, for a total transaction of $751,349.08. Following the transaction, the chief executive officer now directly owns 1,984,404 shares of the company's stock, valued at approximately $18,970,902.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Rush Street Interactive news, CFO Kyle Sauers sold 108,682 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $9.50, for a total value of $1,032,479.00. Following the completion of the sale, the chief financial officer now directly owns 441,492 shares in the company, valued at $4,194,174. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Richard Todd Schwartz sold 78,593 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $9.56, for a total value of $751,349.08. Following the transaction, the chief executive officer now directly owns 1,984,404 shares of the company's stock, valued at approximately $18,970,902.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 548,210 shares of company stock valued at $5,179,362 in the last quarter. Corporate insiders own 56.89% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Needham & Company LLC increased their target price on Rush Street Interactive from $10.00 to $14.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Wells Fargo & Company raised their price objective on Rush Street Interactive from $11.00 to $13.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Oppenheimer boosted their target price on shares of Rush Street Interactive from $10.00 to $14.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Finally, Craig Hallum raised their price target on shares of Rush Street Interactive from $11.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $11.17.
Check Out Our Latest Stock Report on RSI
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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