Rush Street Interactive, Inc. (NYSE:RSI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in Rush Street Interactive, Inc. (NYSE:RSI) by 79.9% in the 4th quarter, Holdings Channel reports. The firm owned 10,133 shares of the company’s stock after selling 40,170 shares during the period. Victory Capital Management Inc.’s holdings in Rush Street Interactive were worth $139,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in RSI. R Squared Ltd purchased a new stake in Rush Street Interactive during the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new stake in Rush Street Interactive in the 4th quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rush Street Interactive in the 3rd quarter valued at approximately $44,000. Point72 DIFC Ltd purchased a new stake in Rush Street Interactive in the 3rd quarter valued at approximately $70,000. Finally, Quarry LP lifted its stake in Rush Street Interactive by 80.6% in the 3rd quarter. Quarry LP now owns 15,824 shares of the company’s stock valued at $172,000 after buying an additional 7,062 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Einar Roosileht sold 48,968 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $14.04, for a total value of $687,510.72. Following the completion of the transaction, the insider now owns 830,292 shares of the company’s stock, valued at $11,657,299.68. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul Wierbicki sold 7,500 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total transaction of $112,500.00. Following the completion of the transaction, the insider now directly owns 139,387 shares of the company’s stock, valued at $2,090,805. This trade represents a 5.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 988,545 shares of company stock valued at $13,174,489 in the last quarter. Insiders own 56.89% of the company’s stock.

Rush Street Interactive Trading Up 0.1 %

RSI stock opened at $10.95 on Monday. Rush Street Interactive, Inc. has a 1 year low of $5.71 and a 1 year high of $16.78. The company has a fifty day simple moving average of $13.38 and a 200 day simple moving average of $12.47. The firm has a market cap of $2.50 billion, a PE ratio of -547.25 and a beta of 1.92.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RSI. Benchmark increased their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, February 28th. Needham & Company LLC restated a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a research note on Thursday, February 27th. Susquehanna raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research note on Monday, January 6th. Finally, Macquarie restated an “outperform” rating and issued a $16.00 price target on shares of Rush Street Interactive in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $15.50.

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.