Rhumbline Advisers Has $1.42 Million Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Rhumbline Advisers lifted its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 2.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 103,426 shares of the company’s stock after purchasing an additional 2,457 shares during the quarter. Rhumbline Advisers’ holdings in Rush Street Interactive were worth $1,419,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RSI. Caprock Group LLC acquired a new position in shares of Rush Street Interactive in the 3rd quarter valued at approximately $4,178,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in 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. Algert Global LLC boosted its position in Rush Street Interactive by 117.6% during the 3rd quarter. Algert Global LLC now owns 510,361 shares of the company’s stock worth $5,537,000 after acquiring an additional 275,788 shares during the last quarter. Millrace Asset Group Inc. acquired a new position in Rush Street Interactive during the 3rd quarter worth approximately $2,135,000. Finally, Los Angeles Capital Management LLC acquired a new position in Rush Street Interactive during the 3rd quarter worth approximately $1,795,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rush Street Interactive

In related news, insider Paul Wierbicki sold 7,500 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total value of $112,500.00. Following the sale, the insider now owns 139,387 shares in the company, valued at approximately $2,090,805. This represents a 5.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 4,419 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $13.75, for a total value of $60,761.25. Following the completion of the sale, the chief executive officer now owns 2,392,587 shares in the company, valued at approximately $32,898,071.25. This trade represents a 0.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 800,853 shares of company stock worth $11,292,836 in the last 90 days. Corporate insiders own 56.89% of the company’s stock.

Rush Street Interactive Stock Up 0.1 %

Shares of Rush Street Interactive stock opened at $11.36 on Wednesday. Rush Street Interactive, Inc. has a 12-month low of $5.22 and a 12-month high of $16.78. The stock has a market cap of $2.56 billion, a P/E ratio of -567.75 and a beta of 1.88. The business’s 50 day moving average is $14.26 and its 200-day moving average is $12.34.

Analysts Set New Price Targets

RSI has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. Jefferies Financial Group upped their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Benchmark upped their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Finally, Macquarie reaffirmed an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. One 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $15.50.

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.