Rush Street Interactive, Inc. (NYSE:RSI) Shares Bought by Hood River Capital Management LLC

Hood River Capital Management LLC lifted its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 14.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 575,156 shares of the company’s stock after buying an additional 71,227 shares during the quarter. Hood River Capital Management LLC’s holdings in Rush Street Interactive were worth $7,891,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its position in Rush Street Interactive by 3.6% during the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock worth $17,500,000 after acquiring an additional 55,697 shares during the period. Barclays PLC raised its stake in shares of Rush Street Interactive by 178.6% during the third quarter. Barclays PLC now owns 192,628 shares of the company’s stock worth $2,090,000 after purchasing an additional 123,486 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rush Street Interactive by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock worth $18,843,000 after purchasing an additional 92,314 shares during the period. Franklin Resources Inc. purchased a new position in Rush Street Interactive in the 3rd quarter valued at $901,000. Finally, Principal Financial Group Inc. increased its stake in Rush Street Interactive by 656.2% in the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after buying an additional 67,388 shares during the period. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the subject of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research note 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 report on Thursday, February 27th. Benchmark boosted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Jefferies Financial Group increased their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Finally, Susquehanna upgraded Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. 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, the stock presently has a consensus rating of “Buy” and an average target price of $15.50.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, insider Einar Roosileht sold 9,300 shares of the company’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $12.00, for a total value of $111,600.00. Following the sale, the insider now owns 946,850 shares of the company’s stock, valued at $11,362,200. This represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Mattias Stetz sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $14.40, for a total transaction of $360,000.00. Following the transaction, the chief operating officer now directly owns 561,089 shares of the company’s stock, valued at approximately $8,079,681.60. This trade represents a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 746,281 shares of company stock valued at $8,811,577. Insiders own 56.89% of the company’s stock.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $11.78 on Thursday. Rush Street Interactive, Inc. has a fifty-two week low of $5.71 and a fifty-two week high of $16.78. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -589.00 and a beta of 1.90. The stock’s fifty day moving average is $11.63 and its two-hundred day moving average is $12.60.

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.