Rush Street Interactive, Inc. (NYSE:RSI) Shares Purchased by Driehaus Capital Management LLC

Driehaus Capital Management LLC increased its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 56.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,200,517 shares of the company's stock after purchasing an additional 795,719 shares during the quarter. Driehaus Capital Management LLC owned approximately 0.97% of Rush Street Interactive worth $30,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Rush Street Interactive in the 4th quarter valued at about $28,000. Heck Capital Advisors LLC bought a new stake in shares of Rush Street Interactive during the fourth quarter worth $34,000. WealthTrak Capital Management LLC purchased a new position in Rush Street Interactive in the 4th quarter worth about $71,000. NewEdge Advisors LLC purchased a new position in shares of Rush Street Interactive during the fourth quarter worth approximately $148,000. Finally, State of Tennessee Department of Treasury bought a new position in Rush Street Interactive in the fourth quarter worth approximately $167,000. Institutional investors own 24.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RSI shares. Needham & Company LLC reissued a "buy" rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, May 1st. Benchmark increased their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a "buy" rating in a research report on Friday, February 28th. Macquarie reaffirmed an "outperform" rating and set a $16.00 price target on shares of Rush Street Interactive in a research report on Friday, May 2nd. Susquehanna increased their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company a "positive" rating in a report on Thursday, May 1st. Finally, Jefferies Financial Group boosted their target price 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. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive has a consensus rating of "Moderate Buy" and an average target price of $15.63.

Rush Street Interactive Stock Up 1.6%

Shares of Rush Street Interactive stock traded up $0.19 on Tuesday, reaching $12.15. 1,584,868 shares of the stock were exchanged, compared to its average volume of 1,879,110. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of -607.50 and a beta of 1.88. Rush Street Interactive, Inc. has a twelve month low of $8.29 and a twelve month high of $16.78. The business has a 50 day moving average price of $11.24 and a two-hundred day moving average price of $12.72.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted 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 firm had revenue of $262.41 million during the quarter, compared to analyst estimates of $258.90 million. During the same period in the previous year, the firm earned $0.03 EPS. The business's quarterly revenue was up 20.7% on a year-over-year basis. Research analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Insider Activity at Rush Street Interactive

In other news, COO Mattias Stetz sold 24,467 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $11.57, for a total transaction of $283,083.19. Following the completion of the sale, the chief operating officer now owns 396,584 shares in the company, valued at $4,588,476.88. This trade represents a 5.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Todd Schwartz sold 109,567 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $9.85, for a total value of $1,079,234.95. Following the completion of the transaction, the chief executive officer now owns 2,082,376 shares of the company's stock, valued at $20,511,403.60. The trade was a 5.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 723,805 shares of company stock valued at $7,957,809. 56.94% of the stock is owned by company insiders.

Rush Street Interactive Company 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.