Occudo Quantitative Strategies LP Has $152,000 Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Occudo Quantitative Strategies LP trimmed its position in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 73.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,069 shares of the company's stock after selling 30,113 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Rush Street Interactive were worth $152,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 buying an additional 2,004,059 shares during the last quarter. Topline Capital Management LLC acquired a new stake in Rush Street Interactive during the fourth quarter worth approximately $24,851,000. William Blair Investment Management LLC acquired a new stake in Rush Street Interactive during the fourth quarter worth approximately $21,635,000. Vanguard Group Inc. boosted its holdings in shares of Rush Street Interactive by 14.0% during the fourth 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. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Rush Street Interactive by 62.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company's stock valued at $36,540,000 after purchasing an additional 1,018,889 shares during the last quarter. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Trading Down 2.7%

Rush Street Interactive stock traded down $0.34 during trading hours on Tuesday, reaching $12.17. 878,386 shares of the stock were exchanged, compared to its average volume of 1,875,203. Rush Street Interactive, Inc. has a twelve month low of $8.29 and a twelve month high of $16.78. The company has a market cap of $2.79 billion, a P/E ratio of -608.50 and a beta of 1.88. The stock has a 50 day moving average of $11.49 and a two-hundred day moving average of $12.77.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly 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. 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 quarter last year, the business posted $0.03 EPS. The firm's revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 106,952 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $11.86, for a total transaction of $1,268,450.72. Following the completion of the transaction, the chief executive officer now directly owns 1,492,234 shares of the company's stock, valued at $17,697,895.24. This trade represents a 6.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Einar Roosileht sold 70,000 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $11.53, for a total value of $807,100.00. Following the completion of the sale, the insider now owns 876,150 shares in the company, valued at $10,102,009.50. This trade represents a 7.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders 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

RSI has been the subject of several research reports. Wells Fargo & Company lifted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, May 1st. Benchmark upped their price target on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a research note on Friday, February 28th. Susquehanna raised their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Thursday, May 1st. Finally, Macquarie reissued an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock 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.