Two Sigma Investments LP Invests $783,000 in Rush Street Interactive, Inc. (NYSE:RSI)

Two Sigma Investments LP acquired a new stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 57,075 shares of the company's stock, valued at approximately $783,000.

Other large investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rush Street Interactive by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,270 shares of the company's stock worth $594,000 after purchasing an additional 1,632 shares during the period. Arizona State Retirement System lifted its position in shares of Rush Street Interactive by 11.0% in the 4th quarter. Arizona State Retirement System now owns 22,913 shares of the company's stock worth $314,000 after purchasing an additional 2,265 shares during the period. Tidal Investments LLC lifted its position in shares of Rush Street Interactive by 6.3% in the 4th quarter. Tidal Investments LLC now owns 38,360 shares of the company's stock worth $526,000 after purchasing an additional 2,280 shares during the period. Rhumbline Advisers lifted its position in shares of Rush Street Interactive by 2.4% in the 4th quarter. Rhumbline Advisers now owns 103,426 shares of the company's stock worth $1,419,000 after purchasing an additional 2,457 shares during the period. Finally, MetLife Investment Management LLC lifted its position in shares of Rush Street Interactive by 5.6% in the 4th quarter. MetLife Investment Management LLC now owns 47,125 shares of the company's stock worth $647,000 after purchasing an additional 2,505 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Price Performance

RSI stock traded up $0.13 during midday trading on Wednesday, hitting $13.85. 1,367,594 shares of the stock traded hands, compared to its average volume of 1,812,642. The firm has a market cap of $3.17 billion, a P/E ratio of -692.70 and a beta of 1.85. The stock's fifty day simple moving average is $12.04 and its 200-day simple moving average is $12.88. Rush Street Interactive, Inc. has a 1-year low of $8.52 and a 1-year high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released 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. The company had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The firm's revenue was up 20.7% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share. On average, research analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

RSI has been the subject of a number of analyst reports. Wall Street Zen raised shares of Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research report on Monday. Needham & Company LLC reissued a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, May 1st. Macquarie restated an "outperform" rating and set a $16.00 price target on shares of Rush Street Interactive in a research note on Friday, May 2nd. 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. Finally, Wells Fargo & Company upped their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $15.63.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 193,905 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $10.63, for a total transaction of $2,061,210.15. Following the transaction, the chief executive officer now directly owns 1,599,186 shares of the company's stock, valued at $16,999,347.18. This trade represents a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Einar Roosileht sold 60,000 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $10.69, for a total transaction of $641,400.00. Following the transaction, the insider now directly owns 956,150 shares in the company, valued at approximately $10,221,243.50. The trade was a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 808,143 shares of company stock worth $9,592,604. 56.94% of the stock is owned by company insiders.

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.