Exchange Traded Concepts LLC Acquires 1,087 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Exchange Traded Concepts LLC increased its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 0.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 260,380 shares of the company’s stock after purchasing an additional 1,087 shares during the period. Exchange Traded Concepts LLC owned approximately 0.12% of Rush Street Interactive worth $3,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive during the third quarter valued at about $44,000. Point72 DIFC Ltd bought a new stake in shares of Rush Street Interactive in the 3rd quarter valued at about $70,000. New York State Teachers Retirement System boosted its holdings in Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after acquiring an additional 1,020 shares during the period. Quarry LP grew its position in Rush Street Interactive by 15.9% during the 2nd quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after acquiring an additional 1,200 shares during the last quarter. Finally, CWM LLC increased its stake in Rush Street Interactive by 425.6% in the 3rd quarter. CWM LLC now owns 9,209 shares of the company’s stock worth $100,000 after purchasing an additional 7,457 shares during the period. Institutional investors own 24.78% of the company’s stock.

Insiders Place Their Bets

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 4,419 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $13.75, for a total value of $60,761.25. Following the completion of the transaction, the chief executive officer now owns 2,392,587 shares in the company, valued at approximately $32,898,071.25. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $11.02, for a total transaction of $220,400.00. Following the sale, the chief operating officer now owns 580,484 shares in the company, valued at approximately $6,396,933.68. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 884,287 shares of company stock worth $11,632,978 over the last three months. Company insiders own 56.89% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the topic of several recent analyst reports. 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. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, January 17th. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Finally, Craig Hallum increased their target price on shares of Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Rush Street Interactive Trading Down 3.2 %

NYSE:RSI opened at $13.92 on Friday. Rush Street Interactive, Inc. has a 12 month low of $5.11 and a 12 month high of $15.98. The company has a 50-day moving average price of $13.93 and a 200-day moving average price of $11.47. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -696.15 and a beta of 1.88.

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.