Deutsche Bank AG Purchases 88,017 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Deutsche Bank AG increased its position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 233.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,699 shares of the company's stock after purchasing an additional 88,017 shares during the period. Deutsche Bank AG owned 0.06% of Rush Street Interactive worth $1,725,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RSI. Exchange Traded Concepts LLC raised its stake in shares of Rush Street Interactive by 0.4% in the 4th quarter. Exchange Traded Concepts LLC now owns 260,380 shares of the company's stock worth $3,572,000 after buying an additional 1,087 shares in the last quarter. R Squared Ltd acquired a new position in Rush Street Interactive during the fourth quarter worth about $28,000. Arizona State Retirement System raised its position in Rush Street Interactive by 11.0% in the fourth quarter. Arizona State Retirement System now owns 22,913 shares of the company's stock worth $314,000 after acquiring an additional 2,265 shares in the last quarter. Rhumbline Advisers lifted its holdings in Rush Street Interactive by 2.4% in the 4th 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 during the last quarter. Finally, Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at about $34,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Up 2.8%

Shares of RSI traded up $0.36 on Thursday, hitting $12.85. The company's stock had a trading volume of 1,911,570 shares, compared to its average volume of 1,835,753. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of -642.25 and a beta of 1.88. The firm's fifty day moving average price is $11.65 and its 200-day moving average price is $12.81. Rush Street Interactive, Inc. has a fifty-two week low of $8.52 and a fifty-two week high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its 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. The business had revenue of $262.41 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, equities analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RSI has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their target price 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. Macquarie reaffirmed 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 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. Susquehanna upped their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen raised shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $15.63.

Insiders Place Their Bets

In other Rush Street Interactive news, COO Mattias Stetz sold 25,000 shares of Rush Street Interactive stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.73, for a total transaction of $293,250.00. Following the transaction, the chief operating officer now directly owns 531,089 shares of the company's stock, valued at approximately $6,229,673.97. The trade was a 4.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Todd Schwartz sold 109,567 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $9.85, for a total transaction of $1,079,234.95. Following the transaction, the chief executive officer now owns 2,082,376 shares of the company's stock, valued at approximately $20,511,403.60. The trade was a 5.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 723,805 shares of company stock worth $7,957,809 in the last quarter. Corporate insiders own 56.94% of the company's stock.

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.