UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.25 Million Stake in Rush Street Interactive, Inc. (NYSE:RSI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 171.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,966 shares of the company's stock after buying an additional 103,546 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.07% of Rush Street Interactive worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC grew its position in Rush Street Interactive by 178.6% in the 3rd quarter. Barclays PLC now owns 192,628 shares of the company's stock valued at $2,090,000 after buying an additional 123,486 shares in the last quarter. Legato Capital Management LLC bought a new position in shares of Rush Street Interactive in the fourth quarter valued at approximately $1,897,000. Rhumbline Advisers boosted its holdings in shares of Rush Street Interactive by 2.4% in the fourth quarter. Rhumbline Advisers now owns 103,426 shares of the company's stock valued at $1,419,000 after acquiring an additional 2,457 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Rush Street Interactive by 10.8% during the fourth quarter. Principal Financial Group Inc. now owns 86,051 shares of the company's stock valued at $1,181,000 after acquiring an additional 8,393 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Rush Street Interactive by 732.2% during the fourth quarter. New York State Common Retirement Fund now owns 177,627 shares of the company's stock worth $2,437,000 after purchasing an additional 156,282 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Rush Street Interactive news, CFO Kyle Sauers sold 28,381 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $10.70, for a total transaction of $303,676.70. Following the transaction, the chief financial officer now directly owns 470,323 shares of the company's stock, valued at $5,032,456.10. This represents a 5.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Einar Roosileht sold 70,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $12.47, for a total value of $872,900.00. Following the completion of the sale, the insider now directly owns 876,150 shares of the company's stock, valued at $10,925,590.50. This represents a 7.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 614,238 shares of company stock worth $6,953,074 in the last ninety days. Corporate insiders own 56.94% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RSI. Wells Fargo & Company lifted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Benchmark boosted 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. Wall Street Zen upgraded shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research report on Monday. Needham & Company LLC reiterated a "buy" rating and issued a $17.00 target price on shares of Rush Street Interactive in a report on Thursday, May 1st. Finally, Susquehanna increased 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. One investment 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. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $15.63.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI traded up $0.16 during mid-day trading on Tuesday, hitting $13.71. The stock had a trading volume of 1,262,904 shares, compared to its average volume of 1,814,552. Rush Street Interactive, Inc. has a 12-month low of $8.52 and a 12-month high of $16.78. The company has a market cap of $3.14 billion, a PE ratio of -685.25 and a beta of 1.85. The company's 50 day moving average is $11.97 and its 200-day moving average is $12.87.

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

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.