Calamos Advisors LLC Acquires 95,932 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Calamos Advisors LLC raised its position in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 26.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 457,941 shares of the company’s stock after purchasing an additional 95,932 shares during the quarter. Calamos Advisors LLC owned 0.20% of Rush Street Interactive worth $6,283,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RSI. R Squared Ltd bought a new stake in Rush Street Interactive during the fourth quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Rush Street Interactive during the 4th quarter worth about $34,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Rush Street Interactive during the 3rd quarter valued at about $44,000. Point72 DIFC Ltd acquired a new stake in shares of Rush Street Interactive during the 3rd quarter valued at about $70,000. Finally, New York State Teachers Retirement System increased its stake in shares of Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after purchasing an additional 1,020 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on RSI shares. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Needham & Company LLC boosted their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group lifted their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Finally, Craig Hallum boosted their price objective 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.00.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock opened at $14.93 on Wednesday. The business’s 50 day moving average price is $14.14 and its 200 day moving average price is $11.73. The company has a market cap of $3.37 billion, a price-to-earnings ratio of -746.65 and a beta of 1.88. Rush Street Interactive, Inc. has a one year low of $5.22 and a one year high of $15.98.

Insiders Place Their Bets

In related news, CEO Richard Todd Schwartz sold 103,905 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.02, for a total transaction of $1,145,033.10. Following the completion of the sale, the chief executive officer now directly owns 1,703,578 shares of the company’s stock, valued at approximately $18,773,429.56. This trade represents a 5.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul Wierbicki sold 7,500 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total transaction of $112,500.00. Following the completion of the transaction, the insider now directly owns 139,387 shares in the company, valued at $2,090,805. The trade was a 5.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 979,287 shares of company stock valued at $13,001,678 over the last ninety days. Company insiders own 56.89% of the company’s stock.

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.