GSA Capital Partners LLP Has $3.03 Million Stock Position in Rush Street Interactive, Inc. (NYSE:RSI)

GSA Capital Partners LLP increased its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 42.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 279,367 shares of the company's stock after buying an additional 83,436 shares during the quarter. GSA Capital Partners LLP owned 0.12% of Rush Street Interactive worth $3,031,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Driehaus Capital Management LLC bought a new position in Rush Street Interactive during the 2nd quarter worth about $10,605,000. Assenagon Asset Management S.A. increased its holdings in Rush Street Interactive by 157.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company's stock worth $13,666,000 after purchasing an additional 872,367 shares in the last quarter. Marshall Wace LLP increased its holdings in Rush Street Interactive by 185.5% during the 2nd quarter. Marshall Wace LLP now owns 981,822 shares of the company's stock worth $9,416,000 after purchasing an additional 637,883 shares in the last quarter. Millennium Management LLC increased its holdings in Rush Street Interactive by 378.4% during the 2nd quarter. Millennium Management LLC now owns 620,552 shares of the company's stock worth $5,951,000 after purchasing an additional 490,831 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Rush Street Interactive by 47.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company's stock worth $14,425,000 after purchasing an additional 482,872 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company's stock.

Rush Street Interactive Stock Up 4.4 %

Shares of NYSE RSI traded up $0.51 during midday trading on Tuesday, reaching $12.10. 4,083,469 shares of the company were exchanged, compared to its average volume of 1,671,711. The stock's 50-day moving average price is $10.49 and its 200-day moving average price is $9.57. The stock has a market cap of $2.73 billion, a P/E ratio of -590.50 and a beta of 1.78. Rush Street Interactive, Inc. has a one year low of $3.56 and a one year high of $12.18.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Craig Hallum raised their price objective on Rush Street Interactive from $14.00 to $17.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Needham & Company LLC raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Wells Fargo & Company raised their price objective on Rush Street Interactive from $11.00 to $13.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Finally, Oppenheimer lifted 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.43.

Insider Buying and Selling

In related news, insider Paul Wierbicki sold 35,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.23, for a total value of $393,050.00. Following the sale, the insider now owns 139,982 shares of the company's stock, valued at $1,571,997.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Rush Street Interactive news, insider Paul Wierbicki sold 35,000 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $11.23, for a total transaction of $393,050.00. Following the sale, the insider now owns 139,982 shares of the company's stock, valued at approximately $1,571,997.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Einar Roosileht sold 150,000 shares of the company'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 sale, the insider now directly owns 809,260 shares in the company, valued at $7,356,173.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 56.89% of the stock is currently owned by 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.