Rush Street Interactive, Inc. (NYSE:RSI) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 42.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 279,367 shares of the company’s stock after purchasing an additional 83,436 shares during the quarter. GSA Capital Partners LLP owned approximately 0.12% of Rush Street Interactive worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RSI. Allspring Global Investments Holdings LLC raised its holdings in Rush Street Interactive by 13,627.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock worth $78,000 after purchasing an additional 11,856 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Rush Street Interactive during the first quarter worth approximately $148,000. Vanguard Group Inc. raised its holdings in Rush Street Interactive by 1.6% during the first quarter. Vanguard Group Inc. now owns 5,481,219 shares of the company’s stock worth $35,683,000 after purchasing an additional 85,736 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Rush Street Interactive during the first quarter worth approximately $1,673,000. Finally, Bayesian Capital Management LP acquired a new stake in Rush Street Interactive during the first quarter worth approximately $403,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on RSI shares. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Craig Hallum raised their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their target price on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Oppenheimer raised their target price on shares of Rush Street Interactive from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company raised their target price on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.43.

Insider Activity at Rush Street Interactive

In related news, insider Einar Roosileht sold 150,000 shares of Rush Street Interactive stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $9.09, for a total value of $1,363,500.00. Following the transaction, the insider now directly owns 809,260 shares in the company, valued at $7,356,173.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 56.89% of the stock is currently owned by insiders.

Rush Street Interactive Price Performance

NYSE:RSI opened at $11.59 on Tuesday. The firm’s fifty day moving average price is $10.49 and its 200 day moving average price is $9.57. Rush Street Interactive, Inc. has a 1-year low of $3.56 and a 1-year high of $11.69. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -579.50 and a beta of 1.78.

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.