Assenagon Asset Management S.A. Decreases Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Assenagon Asset Management S.A. trimmed its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 21.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,433,773 shares of the company's stock after selling 402,304 shares during the period. Assenagon Asset Management S.A. owned approximately 0.65% of Rush Street Interactive worth $6,438,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American International Group Inc. lifted its holdings in Rush Street Interactive by 8.9% during the 2nd quarter. American International Group Inc. now owns 28,427 shares of the company's stock valued at $133,000 after purchasing an additional 2,328 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Rush Street Interactive by 33.2% during the 4th quarter. SG Americas Securities LLC now owns 15,108 shares of the company's stock valued at $68,000 after purchasing an additional 3,764 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Rush Street Interactive by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 422,753 shares of the company's stock valued at $1,518,000 after purchasing an additional 3,891 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Rush Street Interactive by 13.1% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 33,780 shares of the company's stock valued at $125,000 after purchasing an additional 3,902 shares during the last quarter. Finally, State Street Corp lifted its holdings in Rush Street Interactive by 0.4% during the 1st quarter. State Street Corp now owns 1,021,087 shares of the company's stock valued at $3,176,000 after purchasing an additional 4,018 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Stock Up 0.8 %

NYSE RSI traded up $0.05 during trading on Friday, reaching $6.51. 912,558 shares of the stock traded hands, compared to its average volume of 1,874,166. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -24.11 and a beta of 1.70. The stock's 50-day moving average price is $5.75 and its 200 day moving average price is $4.77. Rush Street Interactive, Inc. has a fifty-two week low of $2.77 and a fifty-two week high of $7.31.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.01. Rush Street Interactive had a negative net margin of 2.65% and a negative return on equity of 28.95%. The firm had revenue of $193.85 million during the quarter, compared to analysts' expectations of $181.50 million. Analysts anticipate that Rush Street Interactive, Inc. will post -0.22 EPS for the current fiscal year.

Insider Transactions at Rush Street Interactive

In other news, COO Mattias Stetz sold 13,657 shares of the business's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total value of $79,620.31. Following the sale, the chief operating officer now owns 692,045 shares of the company's stock, valued at $4,034,622.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Mattias Stetz sold 13,657 shares of the business's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total transaction of $79,620.31. Following the transaction, the chief operating officer now directly owns 692,045 shares in the company, valued at $4,034,622.35. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kyle Sauers sold 21,362 shares of the company's stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total transaction of $124,540.46. Following the completion of the transaction, the chief financial officer now owns 536,936 shares in the company, valued at $3,130,336.88. The disclosure for this sale can be found here. Insiders have sold a total of 184,880 shares of company stock valued at $1,130,025 over the last 90 days. 56.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of Rush Street Interactive in a report on Friday, March 8th. Susquehanna restated a "neutral" rating and issued a $6.00 price objective (up previously from $5.00) on shares of Rush Street Interactive in a research report on Monday, March 4th. Oppenheimer raised their price objective on shares of Rush Street Interactive from $7.00 to $9.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $6.00 to $8.00 and gave the company a "buy" rating in a research report on Thursday, March 7th. Finally, Wells Fargo & Company raised their price objective on shares of Rush Street Interactive from $7.00 to $8.00 and gave the company an "overweight" rating in a research report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $7.40.

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.