Creative Planning Makes New $180,000 Investment in Rush Street Interactive, Inc. (NYSE:RSI)

Creative Planning acquired a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,550 shares of the company’s stock, valued at approximately $180,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RSI. Vanguard Group Inc. boosted its stake in shares of Rush Street Interactive by 1.6% in the 1st 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 period. SG Americas Securities LLC acquired a new position in shares of Rush Street Interactive in the second quarter valued at approximately $1,565,000. Acadian Asset Management LLC acquired a new position in Rush Street Interactive during the second quarter worth $587,000. Driehaus Capital Management LLC acquired a new position in Rush Street Interactive during the second quarter worth $10,605,000. Finally, Millennium Management LLC boosted its position in Rush Street Interactive by 378.4% during the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock worth $5,951,000 after purchasing an additional 490,831 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

Rush Street Interactive Trading Up 6.3 %

RSI stock opened at $11.59 on Tuesday. The firm has a market cap of $2.62 billion, a P/E ratio of -579.50 and a beta of 1.78. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $11.69. The business’s 50 day moving average is $10.49 and its 200-day moving average is $9.57.

Analysts Set New Price Targets

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

Insider Activity

In other Rush Street Interactive news, insider Einar Roosileht sold 150,000 shares of Rush Street Interactive stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $9.09, for a total value of $1,363,500.00. Following the sale, the insider now owns 809,260 shares of the company’s stock, valued at $7,356,173.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 56.89% of the stock is currently owned by company 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.