60,420 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 60,420 shares of the company’s stock, valued at approximately $656,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RSI. Driehaus Capital Management LLC purchased a new position in Rush Street Interactive during the second quarter valued at $10,605,000. Marshall Wace LLP increased its stake in shares of Rush Street Interactive by 185.5% in 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 in the last quarter. Millennium Management LLC lifted its position in Rush Street Interactive by 378.4% during the 2nd quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after acquiring an additional 490,831 shares during the period. Renaissance Technologies LLC boosted its stake in Rush Street Interactive by 47.3% during the second 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 in the last quarter. Finally, Caprock Group LLC purchased a new stake in Rush Street Interactive in the third quarter worth about $4,178,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 103,905 shares of Rush Street Interactive stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.02, for a total value of $1,145,033.10. Following the sale, the chief executive officer now directly owns 1,703,578 shares of the company’s stock, valued at approximately $18,773,429.56. The trade was a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Wierbicki sold 35,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $11.23, for a total value of $393,050.00. Following the completion of the sale, the insider now owns 139,982 shares in the company, valued at $1,571,997.86. This represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 357,595 shares of company stock valued at $4,224,380 in the last ninety days. Corporate insiders own 56.89% of the company’s stock.

Analyst Upgrades and Downgrades

RSI has been the topic of several recent research reports. Jefferies Financial Group upped their price target on Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC increased their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Craig Hallum raised their price target on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.43.

Rush Street Interactive Price Performance

Shares of RSI stock opened at $13.67 on Friday. The firm has a fifty day moving average price of $12.27 and a 200-day moving average price of $10.57. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.92. The company has a market cap of $3.09 billion, a price-to-earnings ratio of -683.50 and a beta of 1.88.

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.