SG Americas Securities LLC Boosts Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

SG Americas Securities LLC increased its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 36.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,587 shares of the company's stock after purchasing an additional 20,745 shares during the quarter. SG Americas Securities LLC's holdings in Rush Street Interactive were worth $832,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Rush Street Interactive by 28.0% during the 4th quarter. Bank of America Corp DE now owns 563,769 shares of the company's stock valued at $7,735,000 after buying an additional 123,305 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Rush Street Interactive in the fourth quarter valued at $337,000. Two Sigma Investments LP acquired a new position in shares of Rush Street Interactive during the fourth quarter valued at $783,000. Deutsche Bank AG increased its holdings in shares of Rush Street Interactive by 233.6% during the fourth quarter. Deutsche Bank AG now owns 125,699 shares of the company's stock valued at $1,725,000 after purchasing an additional 88,017 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Rush Street Interactive by 18.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 879,563 shares of the company's stock valued at $12,068,000 after purchasing an additional 137,701 shares during the period. Institutional investors and hedge funds own 24.78% of the company's stock.

Insider Buying and Selling at Rush Street Interactive

In other news, Director Masi Niccolo De sold 171,023 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $13.37, for a total transaction of $2,286,577.51. Following the transaction, the director now owns 1,613,352 shares of the company's stock, valued at $21,570,516.24. This represents a 9.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Einar Roosileht sold 60,000 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $10.69, for a total value of $641,400.00. Following the completion of the transaction, the insider now directly owns 956,150 shares in the company, valued at $10,221,243.50. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,355,484 shares of company stock worth $17,169,235 over the last three months. Company insiders own 56.94% of the company's stock.

Rush Street Interactive Trading Up 1.6%

Shares of NYSE:RSI opened at $14.10 on Friday. Rush Street Interactive, Inc. has a 1-year low of $8.52 and a 1-year high of $16.78. The firm has a market capitalization of $3.23 billion, a PE ratio of 176.25 and a beta of 1.85. The business's 50 day moving average is $12.38 and its 200-day moving average is $12.86.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Rush Street Interactive had a return on equity of 7.35% and a net margin of 0.87%. The business had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. During the same quarter in the previous year, the firm earned $0.03 EPS. Rush Street Interactive's quarterly revenue was up 20.7% on a year-over-year basis. On average, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Wall Street Analyst Weigh In

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

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.

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