Rush Street Interactive, Inc. (NYSE:RSI) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its holdings in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 60.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,015,756 shares of the company's stock after acquiring an additional 382,618 shares during the period. D. E. Shaw & Co. Inc. owned about 0.45% of Rush Street Interactive worth $13,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RSI. R Squared Ltd bought a new position in Rush Street Interactive during the 4th quarter worth $28,000. Heck Capital Advisors LLC bought a new stake in Rush Street Interactive in the fourth quarter valued at approximately $34,000. WealthTrak Capital Management LLC bought a new position in Rush Street Interactive during the 4th quarter worth approximately $71,000. NewEdge Advisors LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $148,000. Finally, State of Tennessee Department of Treasury acquired a new stake in shares of Rush Street Interactive during the fourth quarter worth $167,000. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Stock Down 0.6%

Shares of RSI stock traded down $0.07 during trading on Monday, hitting $12.20. The company had a trading volume of 48,848 shares, compared to its average volume of 1,877,143. The stock's 50-day moving average is $11.40 and its two-hundred day moving average is $12.76. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of -609.50 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.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $262.41 million during 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%. Rush Street Interactive's revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, research analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Insider Activity

In related news, COO Mattias Stetz sold 25,000 shares of the company's stock in a transaction 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 completion of the sale, the chief operating officer now owns 531,089 shares in the company, valued at approximately $6,229,673.97. This represents a 4.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Todd Schwartz sold 193,905 shares of Rush Street Interactive stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $10.63, for a total value of $2,061,210.15. Following the transaction, the chief executive officer now owns 1,599,186 shares in the company, valued at $16,999,347.18. This trade represents a 10.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 723,805 shares of company stock valued at $7,957,809. Corporate insiders own 56.94% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on RSI shares. Wells Fargo & Company increased their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and issued a $17.00 price objective on shares of Rush Street Interactive in a research note on Thursday, May 1st. Benchmark lifted their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "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 report on Friday, May 2nd. Finally, Susquehanna increased their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.63.

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.