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Calamos Advisors LLC Raises Position in Rush Street Interactive, Inc. (NYSE:RSI)

Rush Street Interactive logo with Consumer Discretionary background

Calamos Advisors LLC boosted its position in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 17.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 540,008 shares of the company's stock after buying an additional 82,067 shares during the quarter. Calamos Advisors LLC owned approximately 0.24% of Rush Street Interactive worth $5,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of RSI. Vanguard Group Inc. grew its holdings in shares of Rush Street Interactive by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company's stock worth $117,943,000 after acquiring an additional 1,056,583 shares during the period. Arrowstreet Capital Limited Partnership grew its stake 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 buying an additional 1,018,889 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of Rush Street Interactive by 56.6% in the 4th quarter. Driehaus Capital Management LLC now owns 2,200,517 shares of the company's stock worth $30,191,000 after buying an additional 795,719 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 valued at $27,843,000 after acquiring an additional 2,004,059 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Rush Street Interactive by 43.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company's stock valued at $26,924,000 after acquiring an additional 598,300 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Trading Up 0.5%

NYSE RSI traded up $0.07 during trading hours on Wednesday, reaching $15.51. 516,541 shares of the company traded hands, compared to its average volume of 1,764,516. The company has a 50 day moving average of $13.10 and a two-hundred day moving average of $12.94. Rush Street Interactive, Inc. has a 12 month low of $8.52 and a 12 month high of $16.78. The stock has a market capitalization of $3.55 billion, a PE ratio of 193.90 and a beta of 1.87.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Rush Street Interactive had a net margin of 0.87% and a return on equity of 7.35%. The firm had revenue of $262.41 million during the quarter, compared to analysts' expectations of $258.90 million. During the same period in the previous year, the company earned $0.03 earnings per share. The company's revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

RSI has been the subject of several analyst reports. Susquehanna upped their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. 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. JPMorgan Chase & Co. initiated coverage on Rush Street Interactive in a research note on Monday, June 23rd. They issued a "neutral" rating and a $14.00 price target for the company. Macquarie reiterated an "outperform" rating and issued a $16.00 price target on shares of Rush Street Interactive in a research note on Friday, May 2nd. Finally, Jefferies Financial Group raised their price objective on Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $15.89.

Get Our Latest Analysis on Rush Street Interactive

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, Director Masi Niccolo De sold 58,453 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $15.28, for a total transaction of $893,161.84. Following the completion of the transaction, the director owned 446,094 shares of the company's stock, valued at approximately $6,816,316.32. The trade was a 11.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Einar Roosileht sold 70,000 shares of the stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $14.77, for a total value of $1,033,900.00. Following the transaction, the insider owned 876,150 shares in the company, valued at $12,940,735.50. The trade was a 7.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,147,520 shares of company stock valued at $30,097,728. Corporate insiders own 56.89% of the company's stock.

Rush Street Interactive Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rush Street Interactive (NYSE:RSI)

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