Charles Schwab Investment Management Inc. Has $8.05 Million Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 26.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 741,862 shares of the company’s stock after acquiring an additional 154,785 shares during the period. Charles Schwab Investment Management Inc. owned 0.33% of Rush Street Interactive worth $8,049,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in Rush Street Interactive by 47.3% during the 2nd quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock worth $14,425,000 after acquiring an additional 482,872 shares during the period. Assenagon Asset Management S.A. grew its holdings in Rush Street Interactive by 157.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,425,016 shares of the company’s stock worth $13,666,000 after acquiring an additional 872,367 shares during the period. Federated Hermes Inc. grew its holdings in Rush Street Interactive by 10.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,329,825 shares of the company’s stock worth $12,753,000 after acquiring an additional 130,217 shares during the period. Driehaus Capital Management LLC acquired a new stake in Rush Street Interactive during the 2nd quarter worth $10,605,000. Finally, Marshall Wace LLP grew its holdings in Rush Street Interactive by 185.5% during the 2nd quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock worth $9,416,000 after acquiring an additional 637,883 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RSI shares. Jefferies Financial Group boosted their price target on shares of Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Craig Hallum boosted their price target on shares of Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC boosted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.43.

Rush Street Interactive Trading Up 2.0 %

RSI opened at $13.51 on Wednesday. The stock has a market capitalization of $3.05 billion, a P/E ratio of -675.50 and a beta of 1.88. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $14.92. The firm’s fifty day simple moving average is $11.83 and its 200 day simple moving average is $10.33.

Insider Activity at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 103,905 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.02, for a total transaction of $1,145,033.10. Following the completion of the transaction, the chief executive officer now directly owns 1,703,578 shares in the company, valued at $18,773,429.56. This represents a 5.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $11.02, for a total transaction of $220,400.00. Following the completion of the sale, the chief operating officer now owns 580,484 shares of the company’s stock, valued at $6,396,933.68. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 357,595 shares of company stock valued at $4,224,380. 56.89% of the stock is owned by corporate 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.