Harvest Fund Management Co. Ltd Takes $252,000 Position in Rush Street Interactive, Inc. (NYSE:RSI)

Harvest Fund Management Co. Ltd acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,388 shares of the company’s stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC boosted its stake in Rush Street Interactive by 0.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company’s stock valued at $3,572,000 after buying an additional 1,087 shares in the last quarter. R Squared Ltd acquired a new stake in Rush Street Interactive in the 4th quarter valued at $28,000. Arizona State Retirement System boosted its stake in Rush Street Interactive by 11.0% in the 4th quarter. Arizona State Retirement System now owns 22,913 shares of the company’s stock valued at $314,000 after buying an additional 2,265 shares in the last quarter. Rhumbline Advisers boosted its stake in Rush Street Interactive by 2.4% in the 4th quarter. Rhumbline Advisers now owns 103,426 shares of the company’s stock valued at $1,419,000 after buying an additional 2,457 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at $34,000. 24.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Macquarie reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a research note on Thursday, February 27th. Benchmark boosted their price target on Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Jefferies Financial Group boosted their price target on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a research note on Thursday, February 27th. Finally, JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. One investment 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. Based on data from MarketBeat, Rush Street Interactive has a consensus rating of “Buy” and a consensus target price of $15.50.

Rush Street Interactive Stock Up 0.1 %

Shares of RSI opened at $10.95 on Friday. Rush Street Interactive, Inc. has a 12-month low of $5.71 and a 12-month high of $16.78. The firm has a market capitalization of $2.50 billion, a PE ratio of -547.25 and a beta of 1.92. The stock’s fifty day simple moving average is $13.38 and its 200-day simple moving average is $12.42.

Insider Activity

In other news, Director Judith Gold sold 118,001 shares of the company’s 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 transaction, the director now owns 21,999 shares of the company’s stock, valued at $298,086.45. This represents a 84.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Einar Roosileht sold 48,968 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total value of $687,510.72. Following the completion of the sale, the insider now owns 830,292 shares of the company’s stock, valued at $11,657,299.68. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 988,545 shares of company stock valued at $13,174,489 over the last 90 days. 56.89% of the stock is owned by company insiders.

Rush Street Interactive Company 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.