Teton Advisors Inc. Cuts Stock Position in Rush Street Interactive, Inc. (NYSE:RSI)

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its stake in shares of Rush Street Interactive by 4,395.9% in the 3rd quarter. FMR LLC now owns 1,888,355 shares of the company’s stock valued at $8,724,000 after acquiring an additional 1,846,353 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Rush Street Interactive by 32.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,836,077 shares of the company’s stock valued at $8,483,000 after acquiring an additional 451,171 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Rush Street Interactive by 10.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 538,758 shares of the company’s stock valued at $2,489,000 after acquiring an additional 49,500 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Rush Street Interactive by 23.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 356,323 shares of the company’s stock valued at $1,600,000 after acquiring an additional 68,255 shares during the last quarter. Finally, PEAK6 Investments LLC lifted its stake in shares of Rush Street Interactive by 387.2% in the 3rd quarter. PEAK6 Investments LLC now owns 309,765 shares of the company’s stock valued at $1,431,000 after acquiring an additional 246,189 shares during the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RSI shares. Wells Fargo & Company upped their price target on Rush Street Interactive from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Friday, March 8th. Needham & Company LLC upped their price target on Rush Street Interactive from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday. Oppenheimer upped their price target on Rush Street Interactive from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Craig Hallum upped their price target on Rush Street Interactive from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average target price of $8.33.

Rush Street Interactive Stock Up 17.6 %

Shares of NYSE:RSI traded up $1.13 during trading on Thursday, hitting $7.55. The stock had a trading volume of 5,582,395 shares, compared to its average volume of 1,256,988. Rush Street Interactive, Inc. has a 12 month low of $2.85 and a 12 month high of $8.38. The company has a market capitalization of $1.68 billion, a PE ratio of -28.15 and a beta of 1.67. 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 posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.08) earnings per share 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 the consensus estimate of $181.50 million. Rush Street Interactive had a negative return on equity of 28.95% and a negative net margin of 2.65%. Equities research analysts expect that Rush Street Interactive, Inc. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 38,687 shares of the stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $5.83, for a total transaction of $225,545.21. Following the sale, the chief executive officer now directly owns 2,256,569 shares in the company, valued at approximately $13,155,797.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Rush Street Interactive news, COO Mattias Stetz sold 5,001 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 $30,556.11. Following the sale, the chief operating officer now directly owns 606,730 shares in the company, valued at approximately $3,707,120.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 38,687 shares of the stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $5.83, for a total value of $225,545.21. Following the sale, the chief executive officer now owns 2,256,569 shares in the company, valued at $13,155,797.27. The disclosure for this sale can be found here. Insiders have sold 331,552 shares of company stock worth $2,094,498 in the last 90 days. Insiders own 56.96% of the company’s stock.

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.