Boothbay Fund Management LLC Has $2.24 Million Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Boothbay Fund Management LLC lowered its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 40.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,278 shares of the company's stock after selling 112,667 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.07% of Rush Street Interactive worth $2,240,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Topline Capital Management LLC acquired a new stake in Rush Street Interactive during the 4th quarter worth $24,851,000. Oberweis Asset Management Inc. lifted its stake in Rush Street Interactive by 2.1% in the 4th quarter. Oberweis Asset Management Inc. now owns 991,900 shares of the company's stock worth $13,609,000 after purchasing an additional 20,000 shares in the last quarter. Voya Investment Management LLC boosted its stake in Rush Street Interactive by 7.9% during the fourth quarter. Voya Investment Management LLC now owns 41,276 shares of the company's stock worth $566,000 after buying an additional 3,026 shares during the last quarter. Hood River Capital Management LLC increased its position in Rush Street Interactive by 14.1% during the fourth quarter. Hood River Capital Management LLC now owns 575,156 shares of the company's stock worth $7,891,000 after purchasing an additional 71,227 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Rush Street Interactive by 7,958.9% in 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 purchasing an additional 2,004,059 shares during the period. 24.78% of the stock is owned by institutional investors and hedge funds.

Rush Street Interactive Stock Down 5.1 %

Shares of RSI stock traded down $0.62 during mid-day trading on Thursday, hitting $11.51. 3,594,435 shares of the company's stock were exchanged, compared to its average volume of 1,914,859. The stock has a 50-day simple moving average of $11.30 and a two-hundred day simple moving average of $12.65. Rush Street Interactive, Inc. has a fifty-two week low of $6.18 and a fifty-two week high of $16.78. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -575.50 and a beta of 1.90.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The firm had revenue of $262.41 million for the quarter, compared to analysts' expectations of $258.90 million. During the same quarter last year, the firm earned $0.03 earnings per share. The firm's revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Transactions 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 transaction of $1,008,700.00. Following the completion of the transaction, the insider now 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 document filed with the SEC, which is accessible through this link. Also, CEO Richard Todd Schwartz sold 133,905 shares of Rush Street Interactive stock in a transaction on Monday, February 10th. The stock was sold at an average price of $14.22, for a total value of $1,904,129.10. Following the completion of the transaction, the chief executive officer now owns 2,251,943 shares in the company, valued at $32,022,629.46. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 750,758 shares of company stock valued at $8,865,603. 56.89% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RSI has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market perform" rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Wells Fargo & Company upped their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Thursday, February 27th. Macquarie reissued an "outperform" rating and issued a $16.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. Susquehanna boosted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a research note on Thursday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $17.00 target price on shares of Rush Street Interactive in a report on Thursday. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.63.

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.