Rush Street Interactive, Inc. (NYSE:RSI) Shares Acquired by State Street Corp

State Street Corp boosted its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 3.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,612,892 shares of the company’s stock after acquiring an additional 55,697 shares during the period. State Street Corp owned 0.71% of Rush Street Interactive worth $17,500,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RSI. New York State Teachers Retirement System boosted its holdings in Rush Street Interactive by 17.2% during the third quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after buying an additional 1,020 shares in the last quarter. Quarry LP increased its holdings in Rush Street Interactive by 15.9% in the second quarter. Quarry LP now owns 8,762 shares of the company’s stock valued at $84,000 after buying an additional 1,200 shares in the last quarter. Mesirow Financial Investment Management Inc. lifted its position in shares of Rush Street Interactive by 7.3% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after acquiring an additional 1,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rush Street Interactive during the 3rd quarter worth approximately $44,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Rush Street Interactive by 25.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock worth $275,000 after acquiring an additional 5,840 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on RSI shares. Jefferies Financial Group lifted their price objective on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Craig Hallum lifted their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

Insider Transactions at Rush Street Interactive

In related news, COO Mattias Stetz sold 5,000 shares of Rush Street Interactive stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $12.00, for a total value of $60,000.00. Following the transaction, the chief operating officer now owns 575,484 shares in the company, valued at approximately $6,905,808. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Todd Schwartz sold 103,905 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was 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 owns 1,703,578 shares of the company’s stock, valued at $18,773,429.56. This represents a 5.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 357,595 shares of company stock worth $4,224,380 in the last three months. Company insiders own 56.89% of the company’s stock.

Rush Street Interactive Trading Up 1.0 %

NYSE RSI opened at $13.62 on Wednesday. The business’s 50-day moving average price is $12.31 and its 200 day moving average price is $10.63. Rush Street Interactive, Inc. has a twelve month low of $3.56 and a twelve month high of $14.92. The company has a market capitalization of $3.07 billion, a PE ratio of -681.00 and a beta of 1.88.

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.