Los Angeles Capital Management LLC Boosts Stock Position in Rush Street Interactive, Inc. (NYSE:RSI)

Los Angeles Capital Management LLC grew its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 11.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 183,767 shares of the company’s stock after buying an additional 18,335 shares during the period. Los Angeles Capital Management LLC owned 0.08% of Rush Street Interactive worth $2,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Rush Street Interactive by 8.6% in the 4th quarter. Bank of New York Mellon Corp now owns 213,320 shares of the company’s stock valued at $2,927,000 after purchasing an additional 16,958 shares during the last quarter. IFP Advisors Inc acquired a new stake in Rush Street Interactive during the 4th quarter valued at $436,000. Wealthspire Advisors LLC purchased a new position in Rush Street Interactive during the fourth quarter worth $206,000. Ieq Capital LLC acquired a new position in shares of Rush Street Interactive in the fourth quarter worth $616,000. Finally, New York State Common Retirement Fund lifted its position in shares of Rush Street Interactive by 732.2% in the fourth quarter. New York State Common Retirement Fund now owns 177,627 shares of the company’s stock valued at $2,437,000 after acquiring an additional 156,282 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Down 15.2 %

Rush Street Interactive stock opened at $11.27 on Friday. Rush Street Interactive, Inc. has a 12 month low of $5.22 and a 12 month high of $16.78. The stock has a market cap of $2.54 billion, a P/E ratio of -563.70 and a beta of 1.88. The company’s fifty day simple moving average is $14.39 and its 200-day simple moving average is $12.25.

Wall Street Analyst Weigh In

RSI has been the subject of a number of analyst reports. Macquarie reissued an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research report on Thursday. Susquehanna boosted their price target on Rush Street Interactive from $12.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday. Craig Hallum increased their price target on Rush Street Interactive from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus price target of $15.71.

Insider Buying and Selling at Rush Street Interactive

In related news, COO Mattias Stetz sold 25,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $14.50, for a total transaction of $362,500.00. Following the completion of the transaction, the chief operating officer now directly owns 550,484 shares in the company, valued at $7,982,018. This represents a 4.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Todd Schwartz sold 45,256 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $13.51, for a total value of $611,408.56. Following the completion of the sale, the chief executive officer now owns 1,762,227 shares of the company’s stock, valued at $23,807,686.77. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 825,853 shares of company stock worth $11,655,336 over the last 90 days. Insiders own 56.89% of the company’s stock.

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.