Rush Street Interactive, Inc. (NYSE:RSI) Shares Sold by Jump Financial LLC

Jump Financial LLC lessened its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 212,245 shares of the company’s stock after selling 19,640 shares during the quarter. Jump Financial LLC owned about 0.09% of Rush Street Interactive worth $2,912,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in shares of Rush Street Interactive in the fourth quarter valued at $28,000. Heck Capital Advisors LLC acquired a new position in Rush Street Interactive in the 4th quarter valued at about $34,000. WealthTrak Capital Management LLC purchased a new position in Rush Street Interactive in the 4th quarter valued at about $71,000. LPL Financial LLC acquired a new stake in shares of Rush Street Interactive during the 4th quarter worth about $173,000. Finally, Cerity Partners LLC grew its holdings in shares of Rush Street Interactive by 22.4% during the fourth quarter. Cerity Partners LLC now owns 15,031 shares of the company’s stock worth $205,000 after buying an additional 2,753 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of analyst reports. Benchmark raised their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. 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, February 27th. Needham & Company LLC reiterated a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. Susquehanna upgraded Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $15.50.

Rush Street Interactive Stock Performance

NYSE RSI opened at $11.79 on Friday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -589.25 and a beta of 1.90. Rush Street Interactive, Inc. has a one year low of $5.71 and a one year high of $16.78. The company’s 50 day moving average price is $11.95 and its 200 day moving average price is $12.57.

Insider Transactions at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 193,905 shares of the stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $10.63, for a total value of $2,061,210.15. Following the completion of the sale, the chief executive officer now owns 1,599,186 shares in the company, valued at approximately $16,999,347.18. This trade represents a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Einar Roosileht sold 70,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $14.41, for a total value of $1,008,700.00. Following the sale, the insider now owns 946,150 shares in the company, valued at approximately $13,634,021.50. The trade was a 6.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,281 shares of company stock valued at $8,811,577 over the last 90 days. Corporate insiders own 56.89% of the company’s stock.

Rush Street Interactive Company 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.