Renaissance Technologies LLC Has $26.92 Million Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Renaissance Technologies LLC boosted its position in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 43.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,962,400 shares of the company’s stock after purchasing an additional 598,300 shares during the period. Renaissance Technologies LLC owned 0.87% of Rush Street Interactive worth $26,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Rush Street Interactive during the 4th quarter valued at about $28,000. Heck Capital Advisors LLC bought a new position in Rush Street Interactive during the fourth quarter valued at approximately $34,000. WealthTrak Capital Management LLC acquired a new stake in Rush Street Interactive in the fourth quarter valued at approximately $71,000. LPL Financial LLC bought a new stake in Rush Street Interactive in the fourth quarter worth approximately $173,000. Finally, Wealthspire Advisors LLC bought a new stake in Rush Street Interactive in the fourth quarter worth approximately $206,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, insider Einar Roosileht sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $14.41, for a total value of $1,008,700.00. Following the completion of the transaction, the insider now owns 946,150 shares of the company’s stock, valued at $13,634,021.50. This represents a 6.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Paul Wierbicki sold 7,500 shares of Rush Street Interactive stock in a transaction that occurred 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 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 sold a total of 759,700 shares of company stock valued at $9,007,338 in the last ninety days. Company insiders own 56.89% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RSI. Jefferies Financial Group upped their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. Finally, Wells Fargo & Company increased their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $15.50.

Rush Street Interactive Trading Up 3.8 %

RSI opened at $11.72 on Friday. Rush Street Interactive, Inc. has a 1-year low of $5.71 and a 1-year high of $16.78. The business has a 50 day moving average of $12.16 and a 200-day moving average of $12.55. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -586.05 and a beta of 1.90.

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.