Janus Henderson Group PLC Takes Position in Rush Street Interactive, Inc. (NYSE:RSI)

Janus Henderson Group PLC acquired a new position in Rush Street Interactive, Inc. (NYSE:RSI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,200 shares of the company’s stock, valued at approximately $317,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Teachers Retirement System grew its stake in shares of 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 boosted its position in shares of Rush Street Interactive by 15.9% in the second quarter. Quarry LP now owns 8,762 shares of the company’s stock worth $84,000 after purchasing an additional 1,200 shares during the period. Mesirow Financial Investment Management Inc. boosted its position in shares of Rush Street Interactive by 7.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock worth $279,000 after purchasing an additional 1,745 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Rush Street Interactive in the third quarter worth $44,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Rush Street Interactive by 25.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 28,645 shares of the company’s stock valued at $275,000 after purchasing an additional 5,840 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RSI shares. Needham & Company LLC increased their price target 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. Craig Hallum increased their target price on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group lifted their target price on Rush Street Interactive from $15.00 to $16.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.43.

Rush Street Interactive Trading Down 0.7 %

NYSE:RSI opened at $13.57 on Monday. The business’s 50-day moving average is $12.01 and its 200 day moving average is $10.44. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $14.92. The company has a market capitalization of $3.06 billion, a P/E ratio of -678.50 and a beta of 1.88.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $12.00, for a total transaction of $60,000.00. Following the sale, the chief operating officer now directly owns 575,484 shares in the company, valued at $6,905,808. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kyle Sauers sold 25,934 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $12.30, for a total value of $318,988.20. Following the completion of the transaction, the chief financial officer now owns 338,614 shares of the company’s stock, valued at approximately $4,164,952.20. This trade represents a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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.

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.