Rush Street Interactive, Inc. (NYSE:RSI) Shares Sold by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC reduced its position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 38.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 875,838 shares of the company's stock after selling 549,587 shares during the period. Rush Street Interactive comprises about 3.1% of G2 Investment Partners Management LLC's investment portfolio, making the stock its 8th biggest position. G2 Investment Partners Management LLC owned 0.39% of Rush Street Interactive worth $12,016,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of RSI. Deutsche Bank AG increased its position in Rush Street Interactive by 233.6% in the 4th quarter. Deutsche Bank AG now owns 125,699 shares of the company's stock valued at $1,725,000 after acquiring an additional 88,017 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Rush Street Interactive by 60.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,015,756 shares of the company's stock valued at $13,936,000 after purchasing an additional 382,618 shares in the last quarter. Driehaus Capital Management LLC increased its holdings in shares of Rush Street Interactive by 56.6% in the fourth quarter. Driehaus Capital Management LLC now owns 2,200,517 shares of the company's stock valued at $30,191,000 after purchasing an additional 795,719 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in Rush Street Interactive by 450.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 231,084 shares of the company's stock worth $3,170,000 after purchasing an additional 189,107 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in Rush Street Interactive during the 4th quarter worth $1,124,000. 24.78% of the stock is currently owned by institutional investors.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, insider Einar Roosileht sold 70,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.67, for a total value 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. The trade was a 6.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard Todd Schwartz sold 133,905 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the completion of the transaction, the chief executive officer now owns 2,251,943 shares of the company's stock, valued at $32,022,629.46. This trade represents a 5.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 857,710 shares of company stock valued at $9,861,938 over the last three months. 56.94% of the stock is currently owned by corporate insiders.

Rush Street Interactive Stock Performance

RSI traded down $0.02 during midday trading on Friday, reaching $11.76. 909,523 shares of the company were exchanged, compared to its average volume of 1,883,938. The stock has a market capitalization of $2.68 billion, a P/E ratio of -588.00 and a beta of 1.88. Rush Street Interactive, Inc. has a one year low of $8.29 and a one year high of $16.78. The stock's 50-day simple moving average is $11.24 and its 200 day simple moving average is $12.71.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 earnings per share 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 net margin of 0.16% and a negative return on equity of 3.73%. Rush Street Interactive's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 EPS. On average, research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on RSI. Susquehanna increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Benchmark raised their price target on Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, February 28th. Macquarie reiterated an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, May 1st. Finally, Wells Fargo & Company raised their target price 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 investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.63.

About Rush Street Interactive

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.