Sei Investments Co. Has $4.58 Million Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Sei Investments Co. grew its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 59.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 333,425 shares of the company's stock after acquiring an additional 124,045 shares during the period. Sei Investments Co. owned 0.15% of Rush Street Interactive worth $4,575,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Rush Street Interactive in the third quarter valued at approximately $656,000. Legato Capital Management LLC acquired a new stake in shares of Rush Street Interactive in the 4th quarter valued at approximately $1,897,000. Oppenheimer & Co. Inc. bought a new position in shares of Rush Street Interactive in the fourth quarter valued at $337,000. Point72 Asset Management L.P. grew its stake in shares of Rush Street Interactive by 307.2% in the third quarter. Point72 Asset Management L.P. now owns 101,064 shares of the company's stock valued at $1,097,000 after buying an additional 76,243 shares in the last quarter. Finally, State Street Corp increased its holdings in Rush Street Interactive by 3.6% during the third quarter. State Street Corp now owns 1,612,892 shares of the company's stock worth $17,500,000 after buying an additional 55,697 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RSI. Needham & Company LLC reiterated a "buy" rating and issued a $17.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Macquarie reiterated an "outperform" rating and issued a $16.00 target price on shares of Rush Street Interactive in a research note on Thursday, February 27th. Wells Fargo & Company boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Susquehanna upgraded Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Finally, JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a research note on Monday, January 6th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of "Buy" and a consensus target price of $15.50.

Rush Street Interactive Stock Up 3.1 %

Shares of Rush Street Interactive stock traded up $0.31 on Monday, hitting $10.53. The stock had a trading volume of 2,049,047 shares, compared to its average volume of 1,884,448. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -526.60 and a beta of 1.90. Rush Street Interactive, Inc. has a twelve month low of $5.71 and a twelve month high of $16.78. The business's 50 day moving average is $12.55 and its two-hundred day moving average is $12.55.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 33,142 shares of the business's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $13.98, for a total value of $463,325.16. Following the completion of the sale, the chief executive officer now owns 2,118,506 shares of the company's stock, valued at $29,616,713.88. The trade was a 1.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul Wierbicki sold 7,500 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total transaction of $112,500.00. Following the transaction, the insider now owns 139,387 shares in the company, valued at approximately $2,090,805. The trade was a 5.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 884,034 shares of company stock valued at $11,499,975 in the last ninety days. 56.89% of the stock is currently owned by corporate insiders.

About Rush Street Interactive

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.