Rush Street Interactive, Inc. (NYSE:RSI) Shares Acquired by Capital Impact Advisors LLC

Capital Impact Advisors LLC boosted its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 34.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 63,501 shares of the company’s stock after acquiring an additional 16,221 shares during the quarter. Capital Impact Advisors LLC’s holdings in Rush Street Interactive were worth $609,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of Rush Street Interactive by 13,627.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock valued at $78,000 after acquiring an additional 11,856 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Rush Street Interactive during the 2nd quarter worth $98,000. North Star Investment Management Corp. boosted its stake in Rush Street Interactive by 303.9% during the 1st quarter. North Star Investment Management Corp. now owns 20,600 shares of the company’s stock worth $134,000 after purchasing an additional 15,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Rush Street Interactive during the first quarter worth $148,000. Finally, Mesirow Financial Investment Management Inc. acquired a new stake in shares of Rush Street Interactive in the first quarter valued at about $167,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RSI. Wells Fargo & Company boosted their price target on shares of Rush Street Interactive from $11.00 to $13.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Craig Hallum lifted their price objective on Rush Street Interactive from $11.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC increased their price objective on Rush Street Interactive from $10.00 to $14.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Oppenheimer lifted their target price on Rush Street Interactive from $10.00 to $14.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.17.

Rush Street Interactive Stock Performance

Shares of RSI opened at $10.72 on Monday. Rush Street Interactive, Inc. has a 1 year low of $3.17 and a 1 year high of $11.59. The stock has a market capitalization of $2.41 billion, a PE ratio of -63.06 and a beta of 1.78. The stock has a 50-day simple moving average of $9.73 and a 200-day simple moving average of $8.61.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. Rush Street Interactive had a negative net margin of 0.84% and a negative return on equity of 12.45%. The company had revenue of $220.38 million during the quarter, compared to the consensus estimate of $201.37 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. Analysts predict that Rush Street Interactive, Inc. will post -0.01 EPS for the current year.

Insider Buying and Selling

In related news, insider Einar Roosileht sold 150,000 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $9.09, for a total value of $1,363,500.00. Following the transaction, the insider now owns 809,260 shares of the company’s stock, valued at $7,356,173.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Paul Wierbicki sold 20,437 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $9.53, for a total transaction of $194,764.61. Following the completion of the sale, the insider now owns 174,982 shares in the company, valued at $1,667,578.46. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Einar Roosileht sold 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $9.09, for a total value of $1,363,500.00. Following the completion of the transaction, the insider now directly owns 809,260 shares of the company’s stock, valued at $7,356,173.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 548,210 shares of company stock worth $5,179,362. Corporate insiders own 56.89% of the company’s stock.

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.