Aquatic Capital Management LLC Has $708,000 Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Aquatic Capital Management LLC trimmed its position in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 49.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,626 shares of the company's stock after selling 49,974 shares during the quarter. Aquatic Capital Management LLC's holdings in Rush Street Interactive were worth $708,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Rush Street Interactive by 7,958.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company's stock worth $27,843,000 after purchasing an additional 2,004,059 shares during the period. Topline Capital Management LLC purchased a new stake in shares of Rush Street Interactive in the fourth quarter valued at $24,851,000. William Blair Investment Management LLC acquired a new stake in shares of Rush Street Interactive in the fourth quarter worth $21,635,000. Vanguard Group Inc. grew its holdings in shares of Rush Street Interactive by 14.0% during the fourth quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company's stock valued at $117,943,000 after buying an additional 1,056,583 shares in the last quarter. Finally, 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 valued at $36,540,000 after buying an additional 1,018,889 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Up 1.8 %

Shares of RSI traded up $0.21 during mid-day trading on Monday, hitting $11.86. 1,674,316 shares of the company's stock were exchanged, compared to its average volume of 1,886,844. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -593.00 and a beta of 1.88. The firm has a fifty day moving average of $11.24 and a two-hundred day moving average of $12.67. Rush Street Interactive, Inc. has a twelve month low of $7.91 and a twelve month high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The business's revenue was up 20.7% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. On average, equities analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Jefferies Financial Group lifted their target price 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. Benchmark raised their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Macquarie reiterated an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research note on Friday. Needham & Company LLC reissued a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a research note on Thursday. Finally, JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.63.

Insiders Place Their Bets

In related news, CEO Richard Todd Schwartz sold 133,905 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the completion of the sale, the chief executive officer now directly owns 2,251,943 shares of the company's stock, valued at approximately $32,022,629.46. This represents a 5.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Mattias Stetz sold 3,777 shares of Rush Street Interactive stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $12.08, for a total transaction of $45,626.16. Following the completion of the transaction, the chief operating officer now owns 421,051 shares in the company, valued at $5,086,296.08. This trade represents a 0.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 655,758 shares of company stock valued at $7,496,903 over the last 90 days. 56.89% of the stock is currently owned by company insiders.

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.