Price T Rowe Associates Inc. MD Has $27.84 Million Stock Position in Rush Street Interactive, Inc. (NYSE:RSI)

Price T Rowe Associates Inc. MD boosted its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 7,958.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,029,239 shares of the company's stock after purchasing an additional 2,004,059 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.90% of Rush Street Interactive worth $27,843,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC lifted its holdings in Rush Street Interactive by 178.6% in the 3rd quarter. Barclays PLC now owns 192,628 shares of the company's stock worth $2,090,000 after buying an additional 123,486 shares in the last quarter. Franklin Resources Inc. purchased a new position in Rush Street Interactive in the third quarter valued at about $901,000. Principal Financial Group Inc. grew its stake in Rush Street Interactive by 656.2% during the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company's stock valued at $843,000 after purchasing an additional 67,388 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Rush Street Interactive by 155.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 265,412 shares of the company's stock worth $2,880,000 after purchasing an additional 161,568 shares during the last quarter. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter valued at approximately $822,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Insiders Place Their Bets

In related news, COO Mattias Stetz sold 3,777 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $12.08, for a total transaction of $45,626.16. Following the completion of the sale, the chief operating officer now directly owns 421,051 shares in the company, valued at approximately $5,086,296.08. This trade represents a 0.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Einar Roosileht sold 70,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $14.41, for a total value of $1,008,700.00. Following the sale, the insider now directly owns 946,150 shares of the company's stock, valued at approximately $13,634,021.50. This represents a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 750,758 shares of company stock worth $8,865,603 over the last ninety days. Company insiders own 56.89% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Susquehanna upped their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a report on Thursday. Jefferies Financial Group lifted their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. JMP Securities restated a "market perform" rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Benchmark boosted 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. Finally, Wells Fargo & Company raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.63.

Rush Street Interactive Price Performance

RSI stock traded up $0.23 on Friday, reaching $11.68. The company's stock had a trading volume of 1,459,850 shares, compared to its average volume of 1,887,697. The firm has a fifty day moving average of $11.24 and a two-hundred day moving average of $12.66. The company has a market capitalization of $2.66 billion, a P/E ratio of -584.00 and a beta of 1.90. Rush Street Interactive, Inc. has a 52 week low of $7.91 and a 52 week high of $16.78.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate 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 company's quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.03 earnings per share. As a group, equities analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS 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.