Baader Bank Aktiengesellschaft Boosts Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Baader Bank Aktiengesellschaft boosted its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 66.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company’s stock after acquiring an additional 12,000 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Rush Street Interactive were worth $412,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in RSI. Millennium Management LLC boosted its position in shares of Rush Street Interactive by 378.4% in the 2nd quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock valued at $5,951,000 after purchasing an additional 490,831 shares during the period. Caprock Group LLC acquired a new stake in shares of Rush Street Interactive in the third quarter valued at approximately $4,178,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Rush Street Interactive by 72.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock valued at $8,907,000 after acquiring an additional 344,276 shares during the period. Algert Global LLC raised its position in Rush Street Interactive by 117.6% in the 3rd quarter. Algert Global LLC now owns 510,361 shares of the company’s stock valued at $5,537,000 after purchasing an additional 275,788 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Rush Street Interactive during the 2nd quarter worth $2,401,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Price Performance

Rush Street Interactive stock opened at $14.32 on Friday. The stock’s 50 day moving average price is $14.09 and its 200 day moving average price is $11.60. The company has a market cap of $3.23 billion, a PE ratio of -715.80 and a beta of 1.88. Rush Street Interactive, Inc. has a 1-year low of $5.13 and a 1-year high of $15.98.

Analysts Set New Price Targets

RSI has been the subject of several recent 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 research note on Thursday, October 31st. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Needham & Company LLC boosted their target price on Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group increased their price target on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Two 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 a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Insiders Place Their Bets

In other news, CFO Kyle Sauers sold 25,934 shares of Rush Street Interactive 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 completion of the sale, the chief financial officer now directly owns 338,614 shares in the company, valued at approximately $4,164,952.20. This trade represents a 7.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Wierbicki sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $11.23, for a total value of $393,050.00. Following the sale, the insider now directly 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. In the last ninety days, insiders have sold 884,287 shares of company stock worth $11,632,978. Corporate insiders own 56.89% of the company’s stock.

About Rush Street Interactive

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.