2,472 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Purchased by Heck Capital Advisors LLC

Heck Capital Advisors LLC bought a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,472 shares of the company’s stock, valued at approximately $34,000.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Rush Street Interactive during the 4th quarter worth about $28,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Rush Street Interactive during the 3rd quarter worth about $44,000. Point72 DIFC Ltd acquired a new position in Rush Street Interactive during the 3rd quarter worth about $70,000. New York State Teachers Retirement System raised its position in Rush Street Interactive by 17.2% in the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock valued at $75,000 after purchasing an additional 1,020 shares in the last quarter. Finally, CWM LLC raised its position in Rush Street Interactive by 425.6% in the 3rd quarter. CWM LLC now owns 9,209 shares of the company’s stock valued at $100,000 after purchasing an additional 7,457 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Stock Down 0.7 %

NYSE:RSI opened at $14.48 on Tuesday. The stock’s 50 day moving average price is $14.13 and its 200 day moving average price is $11.69. The company has a market capitalization of $3.27 billion, a PE ratio of -723.75 and a beta of 1.88. Rush Street Interactive, Inc. has a 52-week low of $5.22 and a 52-week high of $15.98.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Rush Street Interactive news, insider Paul Wierbicki sold 7,500 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $15.00, for a total value of $112,500.00. Following the transaction, the insider now directly owns 139,387 shares in the company, valued at approximately $2,090,805. This trade represents a 5.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $60,761.25. Following the completion of the transaction, the chief executive officer now owns 2,392,587 shares in the company, valued at $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 884,287 shares of company stock worth $11,632,978 in the last quarter. 56.89% of the stock is owned by insiders.

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.