State Street Corp Grows Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

State Street Corp raised its position in Rush Street Interactive, Inc. (NYSE:RSI) by 3.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,612,892 shares of the company’s stock after purchasing an additional 55,697 shares during the period. State Street Corp’s holdings in Rush Street Interactive were worth $17,500,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Driehaus Capital Management LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth about $10,605,000. Marshall Wace LLP grew its stake in Rush Street Interactive by 185.5% in the second quarter. Marshall Wace LLP now owns 981,822 shares of the company’s stock worth $9,416,000 after purchasing an additional 637,883 shares in the last quarter. Millennium Management LLC increased its holdings in Rush Street Interactive by 378.4% in the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after buying an additional 490,831 shares during the last quarter. Renaissance Technologies LLC raised its stake in Rush Street Interactive by 47.3% during the second quarter. Renaissance Technologies LLC now owns 1,504,200 shares of the company’s stock valued at $14,425,000 after buying an additional 482,872 shares in the last quarter. Finally, Caprock Group LLC bought a new position in Rush Street Interactive during the 3rd quarter worth approximately $4,178,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Up 1.0 %

Shares of NYSE RSI opened at $13.62 on Wednesday. The business has a fifty day simple moving average of $12.31 and a 200-day simple moving average of $10.63. The company has a market cap of $3.07 billion, a price-to-earnings ratio of -681.00 and a beta of 1.88. Rush Street Interactive, Inc. has a 12 month low of $3.56 and a 12 month high of $14.92.

Analysts Set New Price Targets

RSI has been the topic of a number of research reports. 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. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC upped their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.43.

Insider Buying and Selling at Rush Street Interactive

In related news, CFO Kyle Sauers sold 25,934 shares of the business’s stock in a transaction that occurred 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 directly owns 338,614 shares of the company’s stock, valued at approximately $4,164,952.20. The trade was a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Paul Wierbicki sold 35,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $11.23, for a total value of $393,050.00. Following the completion of the transaction, the insider now owns 139,982 shares in the company, valued at $1,571,997.86. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 357,595 shares of company stock valued at $4,224,380 in the last three months. 56.89% of the stock is currently owned by company insiders.

Rush Street Interactive 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.