Rush Street Interactive, Inc. (NYSE:RSI) Shares Sold by PEAK6 Investments LLC

PEAK6 Investments LLC decreased its position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 49.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,983 shares of the company's stock after selling 106,795 shares during the quarter. PEAK6 Investments LLC's holdings in Rush Street Interactive were worth $1,204,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rush Street Interactive in the third quarter valued at about $44,000. New York State Teachers Retirement System lifted its position in Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company's stock worth $75,000 after acquiring an additional 1,020 shares during the period. Quarry LP raised its stake in shares of Rush Street Interactive by 15.9% during the second quarter. Quarry LP now owns 8,762 shares of the company's stock worth $84,000 after purchasing an additional 1,200 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Rush Street Interactive during the second quarter worth about $98,000. Finally, CWM LLC lifted its position in Rush Street Interactive by 425.6% in the third quarter. CWM LLC now owns 9,209 shares of the company's stock valued at $100,000 after purchasing an additional 7,457 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Craig Hallum increased their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group upped their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $12.43.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 103,905 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.02, for a total value of $1,145,033.10. Following the transaction, the chief executive officer now directly owns 1,703,578 shares of the company's stock, valued at $18,773,429.56. This trade represents a 5.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kyle Sauers sold 25,934 shares of the company's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.30, for a total value of $318,988.20. Following the completion of the transaction, the chief financial officer now owns 338,614 shares of the company's stock, valued at approximately $4,164,952.20. This represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 287,339 shares of company stock valued at $3,250,471. Company insiders own 56.89% of the company's stock.

Rush Street Interactive Price Performance

NYSE RSI traded up $0.34 during trading hours on Tuesday, reaching $14.75. The company's stock had a trading volume of 1,277,950 shares, compared to its average volume of 2,385,518. The company's 50-day moving average is $11.43 and its two-hundred day moving average is $10.11. Rush Street Interactive, Inc. has a fifty-two week low of $3.56 and a fifty-two week high of $14.81.

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.