Trexquant Investment LP Has $9.89 Million Position in Rush Street Interactive, Inc. (NYSE:RSI)

Trexquant Investment LP lowered its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 5.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 720,833 shares of the company’s stock after selling 45,391 shares during the quarter. Trexquant Investment LP owned approximately 0.32% of Rush Street Interactive worth $9,890,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $21,635,000. Vanguard Group Inc. increased its holdings in Rush Street Interactive by 14.0% during the fourth quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock worth $117,943,000 after buying an additional 1,056,583 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Rush Street Interactive by 62.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company’s stock worth $36,540,000 after acquiring an additional 1,018,889 shares in the last quarter. Norges Bank acquired a new stake in Rush Street Interactive in the fourth quarter valued at $10,429,000. Finally, Emerald Advisers LLC bought a new position in shares of Rush Street Interactive in the 4th quarter valued at about $9,967,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock opened at $11.37 on Thursday. The firm has a 50-day moving average of $12.77 and a 200-day moving average of $12.53. Rush Street Interactive, Inc. has a 52-week low of $5.71 and a 52-week high of $16.78. The stock has a market cap of $2.59 billion, a PE ratio of -568.50 and a beta of 1.92.

Analysts Set New Price Targets

RSI has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Benchmark lifted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Macquarie restated an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Jefferies Financial Group upped their price objective 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. Finally, Needham & Company LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $15.50.

Insider Buying and Selling at Rush Street Interactive

In related news, CFO Kyle Sauers sold 28,381 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $10.70, for a total value of $303,676.70. Following the completion of the transaction, the chief financial officer now owns 470,323 shares of the company’s stock, valued at $5,032,456.10. The trade was a 5.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Todd Schwartz sold 149,605 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $14.61, for a total transaction of $2,185,729.05. Following the sale, the chief executive officer now owns 2,151,648 shares in the company, valued at $31,435,577.28. The trade was a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 804,034 shares of company stock valued at $10,641,775 in the last quarter. Company insiders own 56.89% of the company’s stock.

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.