Rush Street Interactive, Inc. (NYSE:RSI) Stock Position Lowered by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 56.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 624,178 shares of the company's stock after selling 800,838 shares during the period. Assenagon Asset Management S.A. owned approximately 0.28% of Rush Street Interactive worth $6,772,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in 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 acquiring an additional 11,856 shares during the period. Quarry LP boosted its position in Rush Street Interactive by 15.9% in the second quarter. Quarry LP now owns 8,762 shares of the company's stock valued at $84,000 after buying an additional 1,200 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Rush Street Interactive in the second quarter worth $98,000. CWM LLC grew its position in Rush Street Interactive by 425.6% during the 3rd 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 period. Finally, North Star Investment Management Corp. raised its position in Rush Street Interactive by 303.9% during the first quarter. North Star Investment Management Corp. now owns 20,600 shares of the company's stock valued at $134,000 after acquiring an additional 15,500 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company's stock.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, insider Einar Roosileht sold 150,000 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $9.09, for a total transaction of $1,363,500.00. Following the completion of the sale, the insider now owns 809,260 shares in the company, valued at $7,356,173.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Rush Street Interactive news, insider Paul Wierbicki sold 20,437 shares of the business's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $9.53, for a total transaction of $194,764.61. Following the sale, the insider now directly owns 174,982 shares in the company, valued at approximately $1,667,578.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Einar Roosileht sold 150,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $9.09, for a total transaction of $1,363,500.00. Following the completion of the transaction, the insider now owns 809,260 shares of the company's stock, valued at $7,356,173.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 548,210 shares of company stock valued at $5,179,362. Insiders own 56.89% of the company's stock.

Analysts Set New Price Targets

RSI has been the subject of a number of research reports. Wells Fargo & Company upped their price target on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Oppenheimer increased their price target on Rush Street Interactive from $10.00 to $14.00 and gave the stock an "outperform" rating in a report on Thursday, August 1st. Craig Hallum boosted their target price on Rush Street Interactive from $11.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $10.00 to $14.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Rush Street Interactive currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.17.

Rush Street Interactive Stock Performance

NYSE:RSI traded up $0.21 during mid-day trading on Tuesday, hitting $10.61. 1,479,339 shares of the company's stock traded hands, compared to its average volume of 1,573,482. Rush Street Interactive, Inc. has a 1 year low of $3.27 and a 1 year high of $11.59. The company has a market cap of $2.39 billion, a PE ratio of -61.18 and a beta of 1.79. The firm's 50 day simple moving average is $10.17 and its 200 day simple moving average is $9.24.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.06. Rush Street Interactive had a negative net margin of 0.84% and a negative return on equity of 12.45%. The firm had revenue of $220.38 million during the quarter, compared to the consensus estimate of $201.37 million. During the same period in the previous year, the firm earned ($0.08) earnings per share. Rush Street Interactive's revenue was up 33.5% compared to the same quarter last year. On average, research analysts expect that Rush Street Interactive, Inc. will post -0.01 earnings per share for the current fiscal year.

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.