OMERS ADMINISTRATION Corp Purchases Shares of 26,900 Rush Street Interactive, Inc. (NYSE:RSI)

OMERS ADMINISTRATION Corp purchased a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 26,900 shares of the company's stock, valued at approximately $369,000.

Several other institutional investors have also recently added to or reduced their stakes in RSI. R Squared Ltd acquired a new stake in Rush Street Interactive during the 4th quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Rush Street Interactive in the 4th quarter worth approximately $34,000. WealthTrak Capital Management LLC purchased a new position in Rush Street Interactive in the 4th quarter worth approximately $71,000. Lazard Asset Management LLC purchased a new position in Rush Street Interactive in the 4th quarter worth approximately $95,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Rush Street Interactive during the 4th quarter valued at approximately $148,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Rush Street Interactive Stock Up 0.6%

NYSE RSI traded up $0.07 during trading on Friday, hitting $11.85. The company's stock had a trading volume of 614,199 shares, compared to its average volume of 1,857,125. The firm has a market cap of $2.71 billion, a P/E ratio of -592.25 and a beta of 1.88. Rush Street Interactive, Inc. has a 52 week low of $8.52 and a 52 week high of $16.78. The firm has a 50 day moving average price of $11.55 and a 200 day moving average price of $12.81.

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 (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 business had revenue of $262.41 million for the quarter, compared to analysts' expectations of $258.90 million. During the same period in the previous year, the business posted $0.03 earnings per share. Rush Street Interactive's quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In other Rush Street Interactive news, CFO Kyle Sauers sold 28,381 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $10.70, for a total value of $303,676.70. Following the completion of the transaction, the chief financial officer now directly owns 470,323 shares in the company, valued at $5,032,456.10. This trade represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Einar Roosileht sold 70,000 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.67, for a total value of $816,900.00. Following the completion of the transaction, the insider now directly owns 946,150 shares in the company, valued at approximately $11,041,570.50. This represents a 6.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 723,805 shares of company stock worth $7,957,809 over the last ninety days. 56.94% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RSI has been the topic of several research analyst reports. 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. Needham & Company LLC reaffirmed a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, May 1st. Susquehanna increased their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. Finally, Wall Street Zen raised Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Saturday. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $15.63.

About Rush Street Interactive

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.