248,310 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA purchased a new position in Rush Street Interactive, Inc. (NYSE:RSI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 248,310 shares of the company’s stock, valued at approximately $2,381,000. Massachusetts Financial Services Co. MA owned 0.11% of Rush Street Interactive at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. acquired a new stake in shares of Rush Street Interactive in the 2nd quarter valued at about $98,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Rush Street Interactive by 13,627.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after acquiring an additional 11,856 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $90,000. North Star Investment Management Corp. lifted its holdings in shares of Rush Street Interactive by 303.9% in the 1st quarter. North Star Investment Management Corp. now owns 20,600 shares of the company’s stock worth $134,000 after purchasing an additional 15,500 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Rush Street Interactive in the 1st quarter valued at $148,000. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Stock Down 1.8 %

Rush Street Interactive stock opened at $10.36 on Monday. The stock has a market cap of $2.33 billion, a P/E ratio of -60.94 and a beta of 1.78. The company’s 50 day moving average price is $9.66 and its two-hundred day moving average price is $8.42. Rush Street Interactive, Inc. has a 52 week low of $3.17 and a 52 week high of $11.59.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06. Rush Street Interactive had a negative return on equity of 12.45% and a negative net margin of 0.84%. The business had revenue of $220.38 million for the quarter, compared to analysts’ expectations of $201.37 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The business’s revenue was up 33.5% on a year-over-year basis. On average, equities analysts anticipate that Rush Street Interactive, Inc. will post -0.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on RSI shares. Needham & Company LLC upped their price objective on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Oppenheimer lifted their price target on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Company boosted their price objective on Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Craig Hallum lifted their target price on Rush Street Interactive from $11.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.17.

Insiders Place Their Bets

In other news, insider Paul Wierbicki sold 20,437 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $9.53, for a total transaction of $194,764.61. Following the completion of the transaction, the insider now directly owns 174,982 shares of the company’s stock, valued at approximately $1,667,578.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Rush Street Interactive news, insider Einar Roosileht sold 150,000 shares of the business’s stock in a transaction on 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 directly owns 809,260 shares in the company, valued at $7,356,173.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul Wierbicki sold 20,437 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $9.53, for a total value of $194,764.61. Following the transaction, the insider now owns 174,982 shares of the company’s stock, valued at approximately $1,667,578.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 548,210 shares of company stock valued at $5,179,362. Company insiders own 56.89% of the company’s stock.

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.