Voloridge Investment Management LLC Has $2.66 Million Stock Position in Rush Street Interactive, Inc. (NYSE:RSI)

Voloridge Investment Management LLC boosted its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 1,084.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 194,033 shares of the company's stock after buying an additional 177,645 shares during the period. Voloridge Investment Management LLC owned approximately 0.09% of Rush Street Interactive worth $2,662,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of RSI. Barclays PLC grew its stake 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 during the last quarter. SG Americas Securities LLC grew its stake in Rush Street Interactive by 29.9% in the 4th quarter. SG Americas Securities LLC now owns 56,842 shares of the company's stock valued at $780,000 after buying an additional 13,095 shares during the last quarter. R Squared Ltd acquired a new position in Rush Street Interactive in the 4th quarter valued at about $28,000. Baader Bank Aktiengesellschaft grew its stake in Rush Street Interactive by 66.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 30,000 shares of the company's stock valued at $412,000 after buying an additional 12,000 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Rush Street Interactive in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Rush Street Interactive Stock Performance

Shares of Rush Street Interactive stock traded down $0.13 on Friday, reaching $12.72. 1,469,011 shares of the stock were exchanged, compared to its average volume of 1,829,597. The firm's 50 day moving average is $11.68 and its 200-day moving average is $12.84. Rush Street Interactive, Inc. has a one year low of $8.52 and a one year high of $16.78. The firm has a market cap of $2.91 billion, a PE ratio of -636.00 and a beta of 1.88.

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

Insider Transactions at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 193,905 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,599,186 shares in the company, valued at $16,999,347.18. This represents a 10.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Einar Roosileht sold 70,000 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.67, for a total transaction of $816,900.00. Following the transaction, the insider now owns 946,150 shares of the company's stock, 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. In the last 90 days, insiders sold 723,805 shares of company stock valued at $7,957,809. Company insiders own 56.94% of the company's stock.

Analyst Ratings Changes

RSI has been the topic of a number of research reports. 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. Benchmark boosted their price objective on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 28th. Wall Street Zen downgraded shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a report on Sunday. Needham & Company LLC reissued a "buy" rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, May 1st. Finally, Susquehanna boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.