Swiss National Bank Acquires 15,200 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Swiss National Bank boosted its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,300 shares of the company’s stock after buying an additional 15,200 shares during the period. Swiss National Bank owned approximately 0.07% of Rush Street Interactive worth $2,131,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. R Squared Ltd bought a new position in Rush Street Interactive during the fourth quarter worth $28,000. Heck Capital Advisors LLC bought a new position in shares of Rush Street Interactive during the 4th quarter worth about $34,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Rush Street Interactive during the third quarter valued at about $44,000. Point72 DIFC Ltd bought a new stake in shares of Rush Street Interactive in the third quarter valued at about $70,000. Finally, Quarry LP grew its position in Rush Street Interactive by 80.6% during the third quarter. Quarry LP now owns 15,824 shares of the company’s stock worth $172,000 after buying an additional 7,062 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on RSI shares. Jefferies Financial Group upped their price target on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Macquarie restated an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research note on Thursday, February 27th. Finally, Wells Fargo & Company upped their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Buy” and a consensus price target of $15.50.

Rush Street Interactive Stock Up 0.7 %

NYSE:RSI opened at $10.99 on Friday. The firm has a market cap of $2.51 billion, a PE ratio of -549.25 and a beta of 1.92. The company’s 50-day moving average price is $13.09 and its two-hundred day moving average price is $12.48. Rush Street Interactive, Inc. has a 12 month low of $5.71 and a 12 month high of $16.78.

Insider Buying and Selling at Rush Street Interactive

In related news, Director Judith Gold sold 118,001 shares of Rush Street Interactive stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $13.55, for a total value of $1,598,913.55. Following the completion of the sale, the director now directly owns 21,999 shares in the company, valued at $298,086.45. This trade represents a 84.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Todd Schwartz sold 149,605 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $14.61, for a total transaction of $2,185,729.05. Following the completion of the transaction, the chief executive officer now directly owns 2,151,648 shares in the company, valued at $31,435,577.28. This trade represents a 6.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 988,545 shares of company stock worth $13,174,489. 56.89% of the stock is currently owned by insiders.

Rush Street Interactive Company 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.