Barclays PLC Has $2.09 Million Position in Rush Street Interactive, Inc. (NYSE:RSI)

Barclays PLC lifted its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 178.6% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 192,628 shares of the company’s stock after buying an additional 123,486 shares during the quarter. Barclays PLC’s holdings in Rush Street Interactive were worth $2,090,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in RSI. Y Intercept Hong Kong Ltd acquired a new position in shares of Rush Street Interactive in the third quarter valued at about $576,000. XTX Topco Ltd raised its position in Rush Street Interactive by 53.7% during the third quarter. XTX Topco Ltd now owns 63,958 shares of the company’s stock valued at $694,000 after purchasing an additional 22,339 shares in the last quarter. State Street Corp lifted its position in shares of Rush Street Interactive by 3.6% during the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock worth $17,500,000 after buying an additional 55,697 shares during the last quarter. Quarry LP increased its position in Rush Street Interactive by 80.6% during the 3rd quarter. Quarry LP now owns 15,824 shares of the company’s stock worth $172,000 after purchasing an additional 7,062 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Rush Street Interactive in the 3rd quarter worth about $70,000. Institutional investors own 24.78% of the company’s stock.

Insiders Place Their Bets

In other Rush Street Interactive news, CFO Kyle Sauers sold 25,934 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $12.30, for a total transaction of $318,988.20. Following the transaction, the chief financial officer now owns 338,614 shares in the company, valued at approximately $4,164,952.20. This represents a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Wierbicki sold 35,000 shares of Rush Street Interactive stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.23, for a total transaction of $393,050.00. Following the transaction, the insider now owns 139,982 shares of the company’s stock, 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. Over the last quarter, insiders have sold 357,595 shares of company stock worth $4,224,380. Corporate insiders own 56.89% of the company’s stock.

Analysts Set New Price Targets

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

Rush Street Interactive Price Performance

RSI stock opened at $13.82 on Friday. The company’s 50-day moving average is $12.47 and its 200-day moving average is $10.71. The stock has a market capitalization of $3.12 billion, a PE ratio of -691.00 and a beta of 1.88. Rush Street Interactive, Inc. has a 1 year low of $3.56 and a 1 year high of $14.92.

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.