BNP Paribas Financial Markets Takes $6.97 Million Position in Rush Street Interactive, Inc. (NYSE:RSI)

BNP Paribas Financial Markets bought a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 507,625 shares of the company's stock, valued at approximately $6,965,000. BNP Paribas Financial Markets owned 0.22% of Rush Street Interactive at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position 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 period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Rush Street Interactive by 62.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company's stock worth $36,540,000 after purchasing an additional 1,018,889 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of 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. Renaissance Technologies LLC raised its holdings in shares of Rush Street Interactive by 43.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company's stock worth $26,924,000 after purchasing an additional 598,300 shares during the period. Finally, Topline Capital Management LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter worth about $24,851,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.73, for a total transaction of $293,250.00. Following the sale, the chief operating officer now directly owns 531,089 shares in the company, valued at $6,229,673.97. The trade was a 4.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Einar Roosileht sold 70,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.67, for a total value of $816,900.00. Following the sale, the insider now owns 946,150 shares in the company, valued at $11,041,570.50. This represents a 6.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 723,805 shares of company stock worth $7,957,809. 56.94% of the stock is currently owned by company insiders.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI traded up $0.13 during mid-day trading on Friday, hitting $12.27. 710,992 shares of the company traded hands, compared to its average volume of 1,884,411. The firm has a market cap of $2.80 billion, a P/E ratio of -613.70 and a beta of 1.88. Rush Street Interactive, Inc. has a 52-week low of $8.29 and a 52-week high of $16.78. The firm's 50 day simple moving average is $11.40 and its 200 day simple moving average is $12.76.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $262.41 million for the quarter, compared to the consensus estimate 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 company's revenue was up 20.7% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. Equities research analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RSI shares. Wells Fargo & Company raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Macquarie restated an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Friday, May 2nd. Benchmark raised their price objective on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Susquehanna raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a report on Thursday, May 1st. Finally, Needham & Company LLC restated a "buy" rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Rush Street Interactive has a consensus rating of "Moderate Buy" and an average target price of $15.63.

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.