ExodusPoint Capital Management LP Takes $1.65 Million Position in Rush Street Interactive, Inc. (NYSE:RSI)

ExodusPoint Capital Management LP bought a new position in Rush Street Interactive, Inc. (NYSE:RSI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 119,899 shares of the company’s stock, valued at approximately $1,645,000.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Rush Street Interactive during the 4th quarter worth $28,000. Heck Capital Advisors LLC purchased a new stake in Rush Street Interactive during the fourth quarter valued at about $34,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Rush Street Interactive in the 3rd quarter worth about $44,000. WealthTrak Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter valued at about $71,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of Rush Street Interactive during the 3rd quarter worth about $70,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on RSI shares. Susquehanna raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Macquarie restated an “outperform” rating and set a $16.00 target price on shares of Rush Street Interactive in a report on Thursday, February 27th. JMP Securities reiterated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $17.00 price objective on shares of Rush Street Interactive in a research note on Thursday, February 27th. Finally, Wells Fargo & Company increased their target price on Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $15.50.

Insider Transactions at Rush Street Interactive

In related news, insider Einar Roosileht sold 60,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $10.69, for a total value of $641,400.00. Following the completion of the sale, the insider now directly owns 956,150 shares of the company’s stock, valued at $10,221,243.50. The trade was a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Todd Schwartz sold 4,419 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $13.75, for a total value of $60,761.25. Following the sale, the chief executive officer now owns 2,392,587 shares in the company, valued at $32,898,071.25. The trade was a 0.18 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 734,429 shares of company stock valued at $9,314,246. Insiders own 56.89% of the company’s stock.

Rush Street Interactive Trading Down 0.4 %

Shares of NYSE:RSI opened at $10.49 on Wednesday. Rush Street Interactive, Inc. has a 12-month low of $5.71 and a 12-month high of $16.78. The firm has a market cap of $2.39 billion, a PE ratio of -524.40 and a beta of 1.90. The company has a fifty day simple moving average of $12.40 and a 200 day simple moving average of $12.54.

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.