Russell Investments Group Ltd. Sells 38,845 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Russell Investments Group Ltd. decreased its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 639,292 shares of the company's stock after selling 38,845 shares during the period. Russell Investments Group Ltd. owned about 0.28% of Rush Street Interactive worth $8,771,000 as of its most recent SEC filing.

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

Rush Street Interactive Stock Performance

RSI traded down $0.02 during mid-day trading on Tuesday, reaching $11.84. The stock had a trading volume of 1,033,476 shares, compared to its average volume of 1,892,315. The stock has a market capitalization of $2.70 billion, a P/E ratio of -591.90 and a beta of 1.90. Rush Street Interactive, Inc. has a 52 week low of $5.71 and a 52 week high of $16.78. The firm's fifty day simple moving average is $12.10 and its two-hundred day simple moving average is $12.58.

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Analysts Set New Price Targets

RSI has been the subject of several analyst reports. Benchmark lifted their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 28th. Jefferies Financial Group boosted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Macquarie reaffirmed an "outperform" rating and set a $16.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $15.50.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, insider Einar Roosileht sold 9,300 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $12.00, for a total transaction of $111,600.00. Following the transaction, the insider now directly owns 946,850 shares in the company, valued at approximately $11,362,200. This represents a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Mattias Stetz sold 25,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.40, for a total transaction of $360,000.00. Following the completion of the transaction, the chief operating officer now directly owns 561,089 shares in the company, valued at $8,079,681.60. This trade represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 746,281 shares of company stock worth $8,811,577 over the last 90 days. Insiders own 56.89% of the company's stock.

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.