Victory Capital Management Inc. Purchases New Stake in Rush Street Interactive, Inc. (NYSE:RSI)

Victory Capital Management Inc. acquired a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 50,303 shares of the company's stock, valued at approximately $546,000.

Several other hedge funds have also bought and sold shares of RSI. Vanguard Group Inc. increased its holdings in Rush Street Interactive by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company's stock valued at $35,683,000 after buying an additional 85,736 shares during the last quarter. Renaissance Technologies LLC lifted its position in Rush Street Interactive by 47.3% during the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company's stock valued at $14,425,000 after purchasing an additional 482,872 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Rush Street Interactive by 157.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company's stock worth $13,666,000 after acquiring an additional 872,367 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Rush Street Interactive by 10.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,329,825 shares of the company's stock worth $12,753,000 after acquiring an additional 130,217 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth about $10,605,000. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Stock Performance

NYSE:RSI traded up $0.21 during midday trading on Friday, reaching $14.42. The stock had a trading volume of 686,701 shares, compared to its average volume of 1,691,493. The firm has a fifty day simple moving average of $11.20 and a two-hundred day simple moving average of $9.98. Rush Street Interactive, Inc. has a 12-month low of $3.56 and a 12-month high of $14.60.

Insider Transactions at Rush Street Interactive

In other news, CFO Kyle Sauers sold 25,934 shares of the business's stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $12.30, for a total transaction of $318,988.20. Following the completion of the sale, the chief financial officer now owns 338,614 shares in the company, valued at approximately $4,164,952.20. The trade was a 7.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Wierbicki sold 7,500 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.00, for a total value of $105,000.00. Following the sale, the insider now owns 139,482 shares of the company's stock, valued at $1,952,748. The trade was a 5.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 287,339 shares of company stock valued at $3,250,471 in the last 90 days. 56.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RSI has been the topic of several recent analyst reports. Jefferies Financial Group raised their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Craig Hallum raised their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Wells Fargo & Company raised their price target on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Oppenheimer raised their target price on shares of Rush Street Interactive from $10.00 to $14.00 and gave the company an "outperform" rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $12.43.

Rush Street Interactive 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.