Aigen Investment Management LP Purchases 4,553 Shares of Rush Street Interactive, Inc. (NYSE:RSI)

Aigen Investment Management LP boosted its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 35.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,347 shares of the company’s stock after buying an additional 4,553 shares during the period. Aigen Investment Management LP’s holdings in Rush Street Interactive were worth $238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Rush Street Interactive by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,736,259 shares of the company’s stock worth $18,843,000 after purchasing an additional 92,314 shares in the last quarter. State Street Corp boosted its stake in Rush Street Interactive by 3.6% in the 3rd quarter. State Street Corp now owns 1,612,892 shares of the company’s stock worth $17,500,000 after purchasing an additional 55,697 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Rush Street Interactive by 18.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 879,563 shares of the company’s stock valued at $12,068,000 after buying an additional 137,701 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Rush Street Interactive by 72.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock valued at $8,907,000 after buying an additional 344,276 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Rush Street Interactive by 117.6% during the third quarter. Algert Global LLC now owns 510,361 shares of the company’s stock valued at $5,537,000 after buying an additional 275,788 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $10.56 on Monday. Rush Street Interactive, Inc. has a 1-year low of $5.67 and a 1-year high of $16.78. The business’s 50 day moving average is $14.10 and its two-hundred day moving average is $12.37. The stock has a market capitalization of $2.38 billion, a P/E ratio of -527.75 and a beta of 1.92.

Insider Transactions at Rush Street Interactive

In other news, COO Mattias Stetz sold 25,000 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.73, for a total value of $293,250.00. Following the sale, the chief operating officer now owns 531,089 shares of the company’s stock, valued at approximately $6,229,673.97. This represents a 4.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Einar Roosileht sold 70,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.67, for a total transaction of $816,900.00. Following the completion of the sale, the insider now owns 946,150 shares of the company’s stock, valued at $11,041,570.50. This trade represents a 6.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 850,597 shares of company stock worth $11,791,577. 56.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RSI shares. Benchmark raised their target price on shares of Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, February 28th. Susquehanna upgraded Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Wells Fargo & Company boosted their target price on Rush Street Interactive from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $17.00 price target on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Jefferies Financial Group lifted their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average 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.