53,128 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 53,128 shares of the company's stock, valued at approximately $576,000.

Other large investors have also recently modified their holdings of the company. Millrace Asset Group Inc. bought a new stake in Rush Street Interactive in the third quarter worth about $2,135,000. Principal Financial Group Inc. raised its holdings in shares of Rush Street Interactive by 656.2% in the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company's stock worth $843,000 after buying an additional 67,388 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Rush Street Interactive by 72.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company's stock worth $8,907,000 after acquiring an additional 344,276 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Rush Street Interactive during the 2nd quarter valued at $587,000. Finally, GSA Capital Partners LLP grew its position in Rush Street Interactive by 42.6% in the 3rd quarter. GSA Capital Partners LLP now owns 279,367 shares of the company's stock valued at $3,031,000 after acquiring an additional 83,436 shares during the last quarter. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Stock Performance

Rush Street Interactive stock traded down $0.10 during midday trading on Friday, hitting $13.57. 1,135,677 shares of the company's stock were exchanged, compared to its average volume of 1,683,042. The company has a market cap of $3.06 billion, a PE ratio of -678.50 and a beta of 1.88. The firm has a 50-day moving average of $12.01 and a two-hundred day moving average of $10.44. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $14.92.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 103,905 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.02, for a total value of $1,145,033.10. Following the sale, the chief executive officer now directly owns 1,703,578 shares in the company, valued at approximately $18,773,429.56. This trade represents a 5.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul Wierbicki sold 35,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.23, for a total transaction of $393,050.00. Following the transaction, the insider now owns 139,982 shares of the company's stock, valued at approximately $1,571,997.86. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 357,595 shares of company stock worth $4,224,380. Corporate insiders own 56.89% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Needham & Company LLC boosted 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 note on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Finally, Craig Hallum raised their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Rush Street Interactive has a consensus rating of "Moderate Buy" and an average target price 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.