Trexquant Investment LP lessened its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 5.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 720,833 shares of the company's stock after selling 45,391 shares during the period. Trexquant Investment LP owned 0.32% of Rush Street Interactive worth $9,890,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in RSI. Intech Investment Management LLC purchased a new position in Rush Street Interactive during the 3rd quarter worth approximately $192,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Rush Street Interactive by 26.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 741,862 shares of the company's stock valued at $8,049,000 after acquiring an additional 154,785 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive in the 3rd quarter valued at $44,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Rush Street Interactive during the 3rd quarter worth $656,000. Finally, Verition Fund Management LLC raised its holdings in shares of Rush Street Interactive by 65.1% in the third quarter. Verition Fund Management LLC now owns 158,721 shares of the company's stock valued at $1,722,000 after buying an additional 62,556 shares during the last quarter. Hedge funds and other institutional investors own 24.78% of the company's stock.
Rush Street Interactive Trading Up 4.1 %
NYSE RSI traded up $0.42 during mid-day trading on Monday, reaching $10.64. 698,144 shares of the company's stock traded hands, compared to its average volume of 1,879,179. Rush Street Interactive, Inc. has a 1-year low of $5.71 and a 1-year high of $16.78. The company has a market cap of $2.43 billion, a price-to-earnings ratio of -529.05 and a beta of 1.90. The company has a fifty day simple moving average of $12.62 and a 200-day simple moving average of $12.55.
Analyst Ratings Changes
Several equities research analysts have recently commented on the company. Macquarie restated an "outperform" rating and set a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Benchmark lifted their target price 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 raised their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Wells Fargo & Company boosted their target price 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. Finally, JMP Securities reissued a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Rush Street Interactive currently has a consensus rating of "Buy" and a consensus price target of $15.50.
View Our Latest Stock Analysis on Rush Street Interactive
Insider Buying and Selling
In other Rush Street Interactive news, CFO Kyle Sauers sold 146,015 shares of the firm's stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $13.91, for a total value of $2,031,068.65. Following the completion of the transaction, the chief financial officer now directly owns 433 shares in the company, valued at $6,023.03. This trade represents a 99.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Richard Todd Schwartz sold 33,142 shares of the stock in a transaction on 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 disclosure for this sale can be found here. Insiders have sold 884,034 shares of company stock worth $11,499,975 over the last ninety days. 56.89% of the stock is owned by insiders.
About Rush Street Interactive
(
Free Report)
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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