Rush Street Interactive, Inc. (NYSE:RSI) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 72.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 542,376 shares of the company's stock after purchasing an additional 228,187 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.24% of Rush Street Interactive worth $5,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Rush Street Interactive by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company's stock worth $594,000 after buying an additional 1,632 shares during the period. Arizona State Retirement System lifted its position in shares of Rush Street Interactive by 11.0% in the fourth quarter. Arizona State Retirement System now owns 22,913 shares of the company's stock valued at $314,000 after acquiring an additional 2,265 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Rush Street Interactive by 6.3% in the fourth quarter. Tidal Investments LLC now owns 38,360 shares of the company's stock valued at $526,000 after acquiring an additional 2,280 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Rush Street Interactive by 2.4% in the fourth quarter. Rhumbline Advisers now owns 103,426 shares of the company's stock worth $1,419,000 after acquiring an additional 2,457 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter worth about $34,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Performance

NYSE RSI traded up $0.22 on Wednesday, reaching $14.10. 766,766 shares of the stock traded hands, compared to its average volume of 1,777,657. Rush Street Interactive, Inc. has a 12 month low of $8.52 and a 12 month high of $16.78. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 175.90 and a beta of 1.85. The company has a fifty day moving average price of $12.27 and a 200-day moving average price of $12.85.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings data 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. Rush Street Interactive had a return on equity of 7.35% and a net margin of 0.87%. The firm had revenue of $262.41 million during the quarter, compared to the consensus estimate of $258.90 million. During the same period in the previous year, the company posted $0.03 earnings per share. The firm's quarterly revenue was up 20.7% on a year-over-year basis. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Benchmark upped their price target 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. Wall Street Zen upgraded shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research report on Monday, June 9th. Wells Fargo & Company raised their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Susquehanna upped 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, Macquarie reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Rush Street Interactive in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $15.63.

Insider Buying and Selling

In other news, Director Masi Niccolo De sold 224,337 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $13.92, for a total value of $3,122,771.04. Following the transaction, the director now owns 1,208,653 shares of the company's stock, valued at $16,824,449.76. The trade was a 15.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Richard Todd Schwartz sold 193,905 shares of the company's stock in a transaction on Tuesday, April 8th. The stock was 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 directly owns 1,599,186 shares in the company, valued at approximately $16,999,347.18. The trade was a 10.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,355,484 shares of company stock valued at $17,169,235 over the last 90 days. Corporate insiders own 56.89% of the company's stock.

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.