Tudor Investment Corp ET AL Has $7.43 Million Stock Position in Rush Street Interactive, Inc. (NYSE:RSI)

Tudor Investment Corp ET AL trimmed its position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 18.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 541,668 shares of the company's stock after selling 122,457 shares during the period. Tudor Investment Corp ET AL owned 0.24% of Rush Street Interactive worth $7,432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Legato Capital Management LLC bought a new stake in shares of Rush Street Interactive during the fourth quarter valued at about $1,897,000. Oppenheimer & Co. Inc. acquired a new position in shares of Rush Street Interactive in the 4th quarter valued at $337,000. Charles Schwab Investment Management Inc. increased its stake in Rush Street Interactive by 18.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 879,563 shares of the company's stock worth $12,068,000 after purchasing an additional 137,701 shares in the last quarter. JPMorgan Chase & Co. raised 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 buying an additional 161,568 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Rush Street Interactive by 656.2% during the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company's stock valued at $843,000 after buying an additional 67,388 shares in the last quarter. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Trading Up 2.0 %

Rush Street Interactive stock traded up $0.23 during mid-day trading on Friday, hitting $11.68. 1,459,850 shares of the company's stock were exchanged, compared to its average volume of 1,897,404. Rush Street Interactive, Inc. has a 1-year low of $7.52 and a 1-year high of $16.78. The stock has a 50 day moving average of $11.24 and a two-hundred day moving average of $12.65. The stock has a market cap of $2.66 billion, a P/E ratio of -584.00 and a beta of 1.90.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $262.41 million during the quarter, compared to the consensus estimate of $258.90 million. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The firm's revenue was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.03 EPS. As a group, research analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RSI shares. Benchmark raised their price objective on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Susquehanna increased their target price on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock a "positive" rating in a research report on Thursday. Needham & Company LLC restated a "buy" rating and set a $17.00 price target on shares of Rush Street Interactive in a report on Thursday. Finally, JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.63.

Insider Transactions at Rush Street Interactive

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

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.