5,150 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Bought by WealthTrak Capital Management LLC

WealthTrak Capital Management LLC acquired a new stake in Rush Street Interactive, Inc. (NYSE:RSI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,150 shares of the company’s stock, valued at approximately $71,000.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $216,000. Norges Bank acquired a new stake in Rush Street Interactive during the 4th quarter worth $10,429,000. JPMorgan Chase & Co. boosted its stake in Rush Street Interactive by 53.0% during the 4th quarter. JPMorgan Chase & Co. now owns 406,094 shares of the company’s stock worth $5,572,000 after purchasing an additional 140,682 shares during the period. Emerald Advisers LLC purchased a new position in Rush Street Interactive during the 4th quarter worth $9,967,000. Finally, Vanguard Group Inc. increased its stake in Rush Street Interactive by 14.0% in the fourth quarter. Vanguard Group Inc. now owns 8,596,434 shares of the company’s stock valued at $117,943,000 after purchasing an additional 1,056,583 shares during the period. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Insiders Place Their Bets

In other news, Director Judith Gold sold 118,001 shares of Rush Street Interactive stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $13.55, for a total transaction of $1,598,913.55. Following the completion of the sale, the director now directly owns 21,999 shares in the company, valued at approximately $298,086.45. This trade represents a 84.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Einar Roosileht sold 48,968 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $14.04, for a total value of $687,510.72. Following the sale, the insider now directly owns 830,292 shares in the company, valued at $11,657,299.68. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 988,545 shares of company stock worth $13,174,489. Corporate insiders own 56.89% of the company’s stock.

Wall Street Analyst Weigh In

RSI has been the subject of several recent research reports. Benchmark increased 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 note on Friday, February 28th. Susquehanna raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Jefferies Financial Group boosted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Macquarie reaffirmed an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Wells Fargo & Company boosted their price objective on shares of 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 investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $15.50.

Rush Street Interactive Price Performance

Shares of RSI stock opened at $10.80 on Friday. The business’s fifty day moving average price is $13.01 and its 200 day moving average price is $12.49. The firm has a market capitalization of $2.46 billion, a PE ratio of -539.80 and a beta of 1.92. Rush Street Interactive, Inc. has a 1-year low of $5.71 and a 1-year high of $16.78.

About Rush Street Interactive

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.