Rush Street Interactive, Inc. (NYSE:RSI) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lowered its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,475 shares of the company's stock after selling 25,505 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Rush Street Interactive were worth $734,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Rush Street Interactive by 7,958.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company's stock valued at $27,843,000 after acquiring an additional 2,004,059 shares during the last quarter. Dark Forest Capital Management LP boosted its stake in shares of Rush Street Interactive by 36.9% during the fourth quarter. Dark Forest Capital Management LP now owns 17,367 shares of the company's stock valued at $238,000 after acquiring an additional 4,680 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Rush Street Interactive by 11.5% during the fourth quarter. Hsbc Holdings PLC now owns 78,160 shares of the company's stock valued at $1,074,000 after acquiring an additional 8,090 shares during the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of Rush Street Interactive during the fourth quarter valued at $167,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Rush Street Interactive by 258.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 21,194 shares of the company's stock valued at $291,000 after acquiring an additional 15,285 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on RSI shares. Wells Fargo & Company increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday. Jefferies Financial Group increased their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Macquarie reiterated an "outperform" rating and set a $16.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. Finally, JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a research report on Monday, January 6th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.63.

Insider Buying and Selling at Rush Street Interactive

In other news, insider Einar Roosileht sold 70,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.41, for a total value of $1,008,700.00. Following the transaction, the insider now directly owns 946,150 shares in the company, valued at approximately $13,634,021.50. This trade represents a 6.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mattias Stetz sold 25,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $14.40, for a total transaction of $360,000.00. Following the completion of the transaction, the chief operating officer now owns 561,089 shares in the company, valued at approximately $8,079,681.60. The trade was a 4.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 750,758 shares of company stock worth $8,865,603 in the last ninety days. 56.89% of the stock is owned by insiders.

Rush Street Interactive Stock Down 6.6 %

Shares of RSI traded down $0.80 during mid-day trading on Thursday, reaching $11.33. 1,691,339 shares of the stock traded hands, compared to its average volume of 1,909,047. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -569.85 and a beta of 1.90. The stock has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $12.65. Rush Street Interactive, Inc. has a 12-month low of $6.18 and a 12-month high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $262.41 million during the quarter, compared to the consensus estimate of $258.90 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The business's quarterly revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

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.