Rush Street Interactive, Inc. (NYSE:RSI) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 233.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 125,699 shares of the company’s stock after buying an additional 88,017 shares during the period. Deutsche Bank AG owned 0.06% of Rush Street Interactive worth $1,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSI. D. E. Shaw & Co. Inc. increased its stake in shares of Rush Street Interactive by 60.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,015,756 shares of the company’s stock worth $13,936,000 after acquiring an additional 382,618 shares during the last quarter. Driehaus Capital Management LLC grew its stake in shares of Rush Street Interactive by 56.6% in the 4th quarter. Driehaus Capital Management LLC now owns 2,200,517 shares of the company’s stock valued at $30,191,000 after buying an additional 795,719 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Rush Street Interactive by 450.5% in the 4th quarter. Cubist Systematic Strategies LLC now owns 231,084 shares of the company’s stock valued at $3,170,000 after buying an additional 189,107 shares during the period. Caxton Associates LP acquired a new stake in shares of Rush Street Interactive during the 4th quarter worth approximately $1,124,000. Finally, Bank of America Corp DE raised its position in shares of Rush Street Interactive by 28.0% during the 4th quarter. Bank of America Corp DE now owns 563,769 shares of the company’s stock valued at $7,735,000 after buying an additional 123,305 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Price Performance

NYSE RSI opened at $11.85 on Friday. The company has a market cap of $2.71 billion, a P/E ratio of -592.25 and a beta of 1.88. The stock has a 50-day moving average of $11.55 and a two-hundred day moving average of $12.78. Rush Street Interactive, Inc. has a 1-year low of $8.52 and a 1-year high of $16.78.

Rush Street Interactive (NYSE:RSI) last posted 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 business had revenue of $262.41 million during the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a negative net margin of 0.16% and a negative return on equity of 3.73%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 earnings per share. On average, analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rush Street Interactive news, COO Mattias Stetz sold 24,467 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $11.57, for a total value of $283,083.19. Following the sale, the chief operating officer now owns 396,584 shares of the company’s stock, valued at $4,588,476.88. This trade represents a 5.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Todd Schwartz sold 106,952 shares of Rush Street Interactive stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $11.86, for a total value of $1,268,450.72. Following the completion of the transaction, the chief executive officer now owns 1,492,234 shares of the company’s stock, valued at $17,697,895.24. The trade was a 6.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 723,805 shares of company stock worth $7,957,809 in the last ninety days. 56.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

RSI has been the subject of several analyst reports. Wall Street Zen upgraded Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Susquehanna upped their price target on Rush Street Interactive from $14.00 to $15.00 and gave the company a “positive” rating in a research note on Thursday, May 1st. Macquarie reiterated an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a report on Friday, May 2nd. Wells Fargo & Company raised their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, May 1st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Rush Street Interactive has a consensus rating of “Buy” and an average target price of $15.63.

About Rush Street Interactive

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.