Rush Street Interactive, Inc. (NYSE:RSI) Shares Purchased by Capital Impact Advisors LLC

Capital Impact Advisors LLC increased its position in shares of Rush Street Interactive, Inc. (NYSE:RSI – Get Rating) by 48.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 29,054 shares of the company’s stock after purchasing an additional 9,446 shares during the quarter. Capital Impact Advisors LLC’s holdings in Rush Street Interactive were worth $108,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in RSI. Deutsche Bank AG lifted its stake in Rush Street Interactive by 319.7% during the second quarter. Deutsche Bank AG now owns 428,841 shares of the company’s stock worth $2,003,000 after purchasing an additional 326,671 shares during the last quarter. Nomura Holdings Inc. lifted its stake in shares of Rush Street Interactive by 25.4% in the third quarter. Nomura Holdings Inc. now owns 4,188,658 shares of the company’s stock valued at $15,419,000 after purchasing an additional 848,848 shares during the period. HBK Sorce Advisory LLC purchased a new stake in shares of Rush Street Interactive during the 3rd quarter worth approximately $28,000. Jump Financial LLC acquired a new stake in Rush Street Interactive in the third quarter valued at $193,000. Finally, Aigen Investment Management LP purchased a new position in shares of Rush Street Interactive during the 3rd quarter worth approximately $124,000. 35.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Rush Street Interactive

In other news, major shareholder Gregory A. Carlin sold 50,000 shares of the stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $4.31, for a total value of $215,500.00. Following the transaction, the insider now owns 1,354,402 shares in the company, valued at approximately $5,837,472.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Rush Street Interactive news, major shareholder Gregory A. Carlin sold 100,000 shares of Rush Street Interactive stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $4.63, for a total transaction of $463,000.00. Following the completion of the sale, the insider now directly owns 1,494,402 shares in the company, valued at approximately $6,919,081.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Gregory A. Carlin sold 50,000 shares of the firm’s stock in a transaction dated Friday, February 17th. The stock was sold at an average price of $4.31, for a total value of $215,500.00. Following the sale, the insider now directly owns 1,354,402 shares in the company, valued at $5,837,472.62. The disclosure for this sale can be found here. Corporate insiders own 58.02% of the company’s stock.

Rush Street Interactive Price Performance

Shares of Rush Street Interactive stock opened at $3.28 on Friday. The stock has a market cap of $725.11 million, a price-to-earnings ratio of -5.38 and a beta of 1.77. Rush Street Interactive, Inc. has a twelve month low of $2.89 and a twelve month high of $9.34. The company’s fifty day moving average is $4.02 and its 200 day moving average is $3.99.

Rush Street Interactive (NYSE:RSI – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). The company had revenue of $165.53 million for the quarter, compared to the consensus estimate of $161.60 million. Rush Street Interactive had a negative net margin of 6.52% and a negative return on equity of 17.05%. As a group, equities analysts anticipate that Rush Street Interactive, Inc. will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Jefferies Financial Group lowered their price target on Rush Street Interactive from $14.00 to $12.00 in a research report on Thursday, March 2nd. Wells Fargo & Company reduced their price objective on Rush Street Interactive from $8.00 to $6.00 and set an “overweight” rating for the company in a research report on Thursday, March 2nd. JMP Securities reissued a “market outperform” rating and issued a $8.00 price target on shares of Rush Street Interactive in a research note on Thursday, March 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 price target on shares of Rush Street Interactive in a research note on Thursday, March 2nd. Finally, Benchmark cut their price objective on Rush Street Interactive from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, March 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $7.38.

Rush Street Interactive Profile

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Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States and 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.