Aigen Investment Management LP Grows Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Aigen Investment Management LP grew its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,347 shares of the company’s stock after purchasing an additional 4,553 shares during the quarter. Aigen Investment Management LP’s holdings in Rush Street Interactive were worth $238,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. R Squared Ltd bought a new stake in Rush Street Interactive during the 4th quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new position in shares of Rush Street Interactive during the fourth quarter worth approximately $34,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Rush Street Interactive during the third quarter valued at approximately $44,000. Point72 DIFC Ltd bought a new stake in shares of Rush Street Interactive during the third quarter valued at approximately $70,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of Rush Street Interactive by 17.2% in the third 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 during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rush Street Interactive

In other news, insider Einar Roosileht sold 70,000 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.67, for a total transaction of $816,900.00. Following the transaction, the insider now directly owns 946,150 shares of the company’s stock, valued at approximately $11,041,570.50. This represents a 6.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Paul Wierbicki sold 7,500 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 139,387 shares of the company’s stock, valued at $2,090,805. The trade was a 5.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 850,597 shares of company stock valued at $11,791,577 over the last 90 days. Insiders own 56.89% of the company’s stock.

Rush Street Interactive Stock Performance

NYSE:RSI opened at $10.56 on Monday. The company’s 50-day simple moving average is $14.10 and its 200-day simple moving average is $12.37. Rush Street Interactive, Inc. has a fifty-two week low of $5.67 and a fifty-two week high of $16.78. The stock has a market capitalization of $2.38 billion, a P/E ratio of -527.75 and a beta of 1.92.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their target price 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. Macquarie restated an “outperform” rating and issued a $16.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Susquehanna raised shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Needham & Company LLC reissued a “buy” rating and set a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, February 27th. Finally, Wells Fargo & Company upped their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Buy” and a consensus target price of $15.50.

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.