1 week Ago By Defense World Staff
Norges Bank acquired a new stake in shares of Rush Street Interactive, Inc. ( NYSE:RSI – Free Report ) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 760,100 shares of the company’s stock, valued at approximately $10,429,000.
Norges Bank owned approximately 0.34% of Rush Street Interactive as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also bought and sold shares of RSI.
R Squared Ltd bought a new position in Rush Street Interactive in the fourth quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Rush Street Interactive in the fourth quarter valued at approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Rush Street Interactive in the 3rd quarter valued at approximately $44,000.
Point72 DIFC Ltd acquired a new stake in Rush Street Interactive during the 3rd quarter worth approximately $70,000. Finally, LPL Financial LLC acquired a new position in Rush Street Interactive in the 4th quarter valued at approximately $173,000. Institutional investors own 24.
78% of the company’s stock. Analyst Upgrades and Downgrades RSI has been the topic of a number of recent research reports. Susquehanna upgraded shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th.
Jefferies Financial Group lifted their target price on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th.
Benchmark increased their price target on Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 28th.
Macquarie restated an “outperform” rating and set a $16.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. Finally, Wells Fargo & Company upped their target price on Rush Street Interactive from $14.
00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $15.50.
Insider Activity at Rush Street Interactive In other Rush Street Interactive news, insider Paul Wierbicki sold 7,500 shares of Rush Street Interactive stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $15.00, for a total value of $112,500.
00. Following the completion of the sale, the insider now directly owns 139,387 shares of the company’s stock, valued at approximately $2,090,805. The trade was a 5.
11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . Also, CEO Richard Todd Schwartz sold 33,142 shares of the company’s stock in a transaction dated Friday, January 10th.
The shares were sold at an average price of $13.98, for a total transaction of $463,325.16.
Following the transaction, the chief executive officer now owns 2,118,506 shares in the company, valued at $29,616,713.88. This represents a 1.
54 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 734,429 shares of company stock worth $9,314,246 in the last quarter.
Company insiders own 56.89% of the company’s stock. Rush Street Interactive Stock Performance Rush Street Interactive stock opened at $10.
49 on Wednesday. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of -524.
40 and a beta of 1.90. Rush Street Interactive, Inc.
has a 52-week low of $5.71 and a 52-week high of $16.78.
The stock’s 50 day moving average price is $12.40 and its two-hundred day moving average price is $12.54.
About Rush Street Interactive ( Free Report ) 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.
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