Teton Advisors Inc. Sells 9,100 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Teton Advisors Inc. lowered its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 45.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,900 shares of the company’s stock after selling 9,100 shares during the period. Teton Advisors Inc.’s holdings in Rush Street Interactive were worth $49,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Rush Street Interactive by 665.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 21,923 shares of the company’s stock worth $98,000 after acquiring an additional 19,058 shares during the last quarter. Aigen Investment Management LP acquired a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $90,000. SG Americas Securities LLC increased its holdings in shares of Rush Street Interactive by 33.2% during the 4th quarter. SG Americas Securities LLC now owns 15,108 shares of the company’s stock worth $68,000 after acquiring an additional 3,764 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of Rush Street Interactive by 23.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 356,323 shares of the company’s stock worth $1,600,000 after acquiring an additional 68,255 shares during the last quarter. Finally, PEAK6 Investments LLC increased its holdings in shares of Rush Street Interactive by 387.2% during the 3rd quarter. PEAK6 Investments LLC now owns 309,765 shares of the company’s stock worth $1,431,000 after acquiring an additional 246,189 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Up 17.6 %

Shares of RSI traded up $1.13 during trading hours on Thursday, hitting $7.55. 5,582,395 shares of the company were exchanged, compared to its average volume of 1,256,988. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -28.15 and a beta of 1.67. Rush Street Interactive, Inc. has a fifty-two week low of $2.85 and a fifty-two week high of $8.38. The firm’s fifty day moving average is $6.19 and its 200 day moving average is $5.08.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, March 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The company had revenue of $193.85 million for the quarter, compared to analyst estimates of $181.50 million. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. Analysts anticipate that Rush Street Interactive, Inc. will post -0.22 EPS for the current year.

Insider Transactions at Rush Street Interactive

In other news, CFO Kyle Sauers sold 15,983 shares of the stock in a transaction on Friday, April 19th. The stock was sold at an average price of $6.11, for a total transaction of $97,656.13. Following the sale, the chief financial officer now directly owns 550,174 shares of the company’s stock, valued at approximately $3,361,563.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Kyle Sauers sold 15,983 shares of the company’s stock in a transaction on Friday, April 19th. The stock was sold at an average price of $6.11, for a total transaction of $97,656.13. Following the completion of the sale, the chief financial officer now directly owns 550,174 shares in the company, valued at approximately $3,361,563.14. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Mattias Stetz sold 13,657 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total value of $79,620.31. Following the sale, the chief operating officer now owns 692,045 shares of the company’s stock, valued at $4,034,622.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 331,552 shares of company stock valued at $2,094,498. 56.96% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RSI shares. Wells Fargo & Company boosted their target price on Rush Street Interactive from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC upped their price objective on Rush Street Interactive from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a report on Friday, March 8th. Susquehanna reaffirmed a “neutral” rating and issued a $6.00 price objective (up from $5.00) on shares of Rush Street Interactive in a report on Monday, March 4th. Finally, Craig Hallum upped their price objective on Rush Street Interactive from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average target price of $8.33.

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.