Jupiter Asset Management Ltd. Has $12.14 Million Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Jupiter Asset Management Ltd. increased its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 38.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 884,913 shares of the company’s stock after acquiring an additional 243,562 shares during the period. Jupiter Asset Management Ltd. owned about 0.39% of Rush Street Interactive worth $12,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSI. Caprock Group LLC purchased a new stake in Rush Street Interactive in the 3rd quarter valued at about $4,178,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in Rush Street Interactive by 72.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock valued at $8,907,000 after buying an additional 344,276 shares during the last quarter. Algert Global LLC increased its stake in Rush Street Interactive by 117.6% in the 3rd quarter. Algert Global LLC now owns 510,361 shares of the company’s stock valued at $5,537,000 after buying an additional 275,788 shares during the last quarter. Millrace Asset Group Inc. purchased a new stake in Rush Street Interactive in the 3rd quarter valued at about $2,135,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Rush Street Interactive in the 3rd quarter valued at about $1,795,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Susquehanna upgraded shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Macquarie restated an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $17.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Jefferies Financial Group raised 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. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. One 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.com, Rush Street Interactive presently has an average rating of “Buy” and a consensus price target of $15.50.

Insider Buying and Selling at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 109,567 shares of Rush Street Interactive stock in a transaction on Monday, March 10th. The shares were sold at an average price of $9.85, for a total transaction of $1,079,234.95. Following the completion of the sale, the chief executive officer now directly owns 2,082,376 shares of the company’s stock, valued at approximately $20,511,403.60. The trade was a 5.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Judith Gold sold 118,001 shares of Rush Street Interactive stock in a transaction on 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. Insiders sold a total of 960,164 shares of company stock valued at $12,870,812 in the last three months. Company insiders own 56.89% of the company’s stock.

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $10.54 on Thursday. The firm has a fifty day moving average price of $13.89 and a two-hundred day moving average price of $12.37. Rush Street Interactive, Inc. has a one year low of $5.71 and a one year high of $16.78. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -526.75 and a beta of 1.92.

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.