Nuveen Asset Management LLC Sells 82,260 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Nuveen Asset Management LLC cut its position in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,936,280 shares of the company's stock after selling 82,260 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.30% of Rush Street Interactive worth $40,286,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in Rush Street Interactive by 14.0% in the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company's stock valued at $117,943,000 after buying an additional 1,056,583 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in 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 valued at $36,540,000 after buying an additional 1,018,889 shares during the last quarter. Driehaus Capital Management LLC grew its stake in 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 valued at $30,191,000 after buying an additional 795,719 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake 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 buying an additional 2,004,059 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake 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 buying an additional 598,300 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction dated Monday, March 3rd. The shares were 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 approximately $6,229,673.97. The trade was a 4.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Einar Roosileht sold 9,300 shares of Rush Street Interactive stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $12.00, for a total transaction of $111,600.00. Following the transaction, the insider now directly owns 946,850 shares of the company's stock, valued at $11,362,200. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 723,805 shares of company stock worth $7,957,809. Corporate insiders own 56.94% of the company's stock.

Analyst Upgrades and Downgrades

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

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock traded up $0.07 during trading on Friday, hitting $11.85. 614,199 shares of the company's stock traded hands, compared to its average volume of 1,855,330. The firm's fifty day moving average price is $11.55 and its 200 day moving average price is $12.78. Rush Street Interactive, Inc. has a twelve month low of $8.52 and a twelve month high of $16.78. The company has a market cap of $2.71 billion, a PE ratio of -592.25 and a beta of 1.88.

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 for the quarter, beating the consensus estimate of $0.08 by $0.01. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The business had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. During the same period in the previous year, the business earned $0.03 EPS. The firm's revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

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.