Rush Street Interactive, Inc. (NYSE:RSI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,793,273 shares of the company's stock after purchasing an additional 57,014 shares during the period. Geode Capital Management LLC owned approximately 0.79% of Rush Street Interactive worth $24,610,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of RSI. R Squared Ltd acquired a new position in Rush Street Interactive during the fourth quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $34,000. WealthTrak Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $71,000. LPL Financial LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $173,000. Finally, Wealthspire Advisors LLC bought a new stake in Rush Street Interactive during the fourth quarter worth approximately $206,000. 24.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on RSI. Benchmark increased their price objective on Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Macquarie reissued an "outperform" rating and issued a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Wells Fargo & Company upped their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. Finally, Susquehanna upgraded shares of Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $15.50.

Rush Street Interactive Stock Down 0.4 %

Shares of NYSE:RSI opened at $11.79 on Friday. Rush Street Interactive, Inc. has a 12-month low of $5.71 and a 12-month high of $16.78. The firm has a market capitalization of $2.69 billion, a P/E ratio of -589.25 and a beta of 1.90. The firm has a fifty day moving average of $11.89 and a two-hundred day moving average of $12.58.

Insider Buying and Selling at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 109,567 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $9.85, for a total transaction of $1,079,234.95. Following the transaction, the chief executive officer now owns 2,082,376 shares of the company's stock, valued at approximately $20,511,403.60. This represents a 5.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Einar Roosileht sold 70,000 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.41, for a total transaction of $1,008,700.00. Following the completion of the sale, the insider now owns 946,150 shares of the company's stock, valued at $13,634,021.50. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 746,281 shares of company stock worth $8,811,577 over the last 90 days. 56.89% of the stock is currently owned by corporate insiders.

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.

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