Rush Street Interactive, Inc. (NYSE:RSI) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its holdings in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 8.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 706,386 shares of the company's stock after acquiring an additional 53,682 shares during the quarter. Northern Trust Corp owned approximately 0.31% of Rush Street Interactive worth $9,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in Rush Street Interactive by 7,958.9% during 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 4th quarter worth $24,851,000. William Blair Investment Management LLC purchased a new stake in shares of Rush Street Interactive in the 4th quarter worth $21,635,000. Vanguard Group Inc. lifted its holdings in shares of Rush Street Interactive by 14.0% in the 4th 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. Finally, Arrowstreet Capital Limited Partnership lifted 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 buying an additional 1,018,889 shares during the period. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Stock Down 2.7%

Shares of Rush Street Interactive stock traded down $0.34 during trading on Tuesday, reaching $12.17. The company's stock had a trading volume of 878,386 shares, compared to its average volume of 1,875,203. The company has a 50-day simple moving average of $11.44 and a two-hundred day simple moving average of $12.77. Rush Street Interactive, Inc. has a 1-year low of $8.29 and a 1-year high of $16.78. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -608.50 and a beta of 1.88.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on RSI. Benchmark upped their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Wells Fargo & Company upped their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a report 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 research note on Thursday, May 1st. Macquarie restated an "outperform" rating and set a $16.00 price objective on shares of Rush Street Interactive in a research note on Friday, May 2nd. Finally, Needham & Company LLC restated a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a research note on Thursday, May 1st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.63.

Insider Buying and Selling at Rush Street Interactive

In other news, COO Mattias Stetz sold 3,777 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $12.08, for a total value of $45,626.16. Following the transaction, the chief operating officer now directly owns 421,051 shares of the company's stock, valued at approximately $5,086,296.08. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 109,567 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $9.85, for a total value of $1,079,234.95. Following the completion of the transaction, the chief executive officer now directly owns 2,082,376 shares in the company, valued at $20,511,403.60. This represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 723,805 shares of company stock worth $7,957,809. 56.94% of the stock is owned by insiders.

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.