Voleon Capital Management LP Takes Position in Rush Street Interactive, Inc. (NYSE:RSI)

Voleon Capital Management LP bought a new position in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 69,713 shares of the company's stock, valued at approximately $956,000.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Rush Street Interactive by 14.0% during the 4th quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company's stock valued at $117,943,000 after acquiring an additional 1,056,583 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Rush Street Interactive by 62.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,663,246 shares of the company's stock worth $36,540,000 after acquiring an additional 1,018,889 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Rush Street Interactive by 7,958.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,029,239 shares of the company's stock worth $27,843,000 after purchasing an additional 2,004,059 shares during the period. Renaissance Technologies LLC raised its position in Rush Street Interactive by 43.9% during the 4th quarter. Renaissance Technologies LLC now owns 1,962,400 shares of the company's stock valued at $26,924,000 after purchasing an additional 598,300 shares during the last quarter. Finally, Topline Capital Management LLC purchased a new position in Rush Street Interactive during the 4th quarter valued at $24,851,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on RSI. JMP Securities reiterated a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC reiterated a "buy" rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday. Benchmark upped 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 note on Friday, February 28th. Macquarie reissued an "outperform" rating and set a $16.00 price objective on shares of Rush Street Interactive in a report on Friday. Finally, Jefferies Financial Group raised their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $15.63.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 3,777 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $12.08, for a total transaction of $45,626.16. Following the transaction, the chief operating officer now directly owns 421,051 shares in the company, valued at $5,086,296.08. This represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard Todd Schwartz sold 133,905 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $14.22, for a total transaction of $1,904,129.10. Following the completion of the sale, the chief executive officer now directly owns 2,251,943 shares of the company's stock, valued at $32,022,629.46. The trade was a 5.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 655,758 shares of company stock valued at $7,496,903. 56.89% of the stock is currently owned by corporate insiders.

Rush Street Interactive Trading Up 1.8 %

Shares of NYSE RSI traded up $0.21 during trading hours on Monday, hitting $11.86. 1,674,134 shares of the company traded hands, compared to its average volume of 1,886,844. The company's 50 day moving average price is $11.24 and its 200 day moving average price is $12.67. Rush Street Interactive, Inc. has a 12 month low of $7.91 and a 12 month high of $16.78. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -593.00 and a beta of 1.88.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $262.41 million for 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%. Rush Street Interactive's quarterly 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. Equities analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current 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.