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

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

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. acquired a new position in shares of Rush Street Interactive in the second quarter worth $311,000. Sei Investments Co. acquired a new position in Rush Street Interactive in the 2nd quarter valued at about $539,000. Squarepoint Ops LLC purchased a new position in Rush Street Interactive in the 2nd quarter valued at about $2,401,000. AQR Capital Management LLC boosted its stake in shares of Rush Street Interactive by 98.1% during the 2nd quarter. AQR Capital Management LLC now owns 219,857 shares of the company’s stock worth $2,108,000 after purchasing an additional 108,900 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Rush Street Interactive by 378.4% during the second quarter. Millennium Management LLC now owns 620,552 shares of the company’s stock worth $5,951,000 after buying an additional 490,831 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Analysts Set New Price Targets

RSI has been the topic of a number of analyst reports. JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Jefferies Financial Group lifted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Needham & Company LLC increased their target price on Rush Street Interactive from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, Craig Hallum lifted their price target on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Insider Transactions at Rush Street Interactive

In related news, insider Paul Wierbicki sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $11.23, for a total value of $393,050.00. Following the transaction, the insider now owns 139,982 shares in the company, valued at approximately $1,571,997.86. This trade represents a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 4,419 shares of Rush Street Interactive stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $13.75, for a total transaction of $60,761.25. Following the transaction, the chief executive officer now directly owns 2,392,587 shares in the company, valued at approximately $32,898,071.25. This trade represents a 0.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 884,287 shares of company stock worth $11,632,978 in the last three months. 56.89% of the stock is currently owned by company insiders.

Rush Street Interactive Trading Down 0.0 %

Shares of Rush Street Interactive stock opened at $14.32 on Friday. The business’s fifty day moving average price is $14.09 and its 200 day moving average price is $11.60. Rush Street Interactive, Inc. has a twelve month low of $5.13 and a twelve month high of $15.98. The stock has a market capitalization of $3.23 billion, a P/E ratio of -715.80 and a beta of 1.88.

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.