Counterpoint Mutual Funds LLC Raises Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Counterpoint Mutual Funds LLC increased its position in Rush Street Interactive, Inc. (NYSE:RSI) by 42.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 36,883 shares of the company’s stock after purchasing an additional 10,908 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Rush Street Interactive were worth $506,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Globeflex Capital L P purchased a new position in shares of Rush Street Interactive in the fourth quarter worth $2,787,000. Monimus Capital Management LP purchased a new position in shares of Rush Street Interactive in the fourth quarter worth $1,259,000. Swiss National Bank increased its stake in shares of Rush Street Interactive by 10.8% in the fourth quarter. Swiss National Bank now owns 155,300 shares of the company’s stock worth $2,131,000 after buying an additional 15,200 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Rush Street Interactive by 18.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 975,351 shares of the company’s stock worth $13,382,000 after buying an additional 154,396 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its holdings in Rush Street Interactive by 38.0% in the fourth quarter. Jupiter Asset Management Ltd. now owns 884,913 shares of the company’s stock valued at $12,141,000 after acquiring an additional 243,562 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on RSI. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Jefferies Financial Group lifted their price target on shares of Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Susquehanna upgraded shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Macquarie reiterated an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Wells Fargo & Company lifted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $15.50.

Insider Activity

In related news, CEO Richard Todd Schwartz sold 109,567 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $9.85, for a total value of $1,079,234.95. Following the transaction, the chief executive officer now owns 2,082,376 shares in the company, valued at $20,511,403.60. The trade was a 5.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Judith Gold sold 118,001 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $13.55, for a total transaction of $1,598,913.55. Following the completion of the transaction, the director now owns 21,999 shares in the company, valued at approximately $298,086.45. The trade was a 84.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 960,164 shares of company stock worth $12,870,812. Corporate insiders own 56.89% of the company’s stock.

Rush Street Interactive Trading Up 0.8 %

Shares of RSI stock opened at $10.79 on Tuesday. Rush Street Interactive, Inc. has a 12 month low of $5.71 and a 12 month high of $16.78. The stock has a market cap of $2.46 billion, a PE ratio of -539.25 and a beta of 1.92. The company’s fifty day moving average price is $13.67 and its 200-day moving average price is $12.42.

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.