91,729 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Bought by Monimus Capital Management LP

Monimus Capital Management LP acquired a new stake in Rush Street Interactive, Inc. (NYSE:RSI) during the fourth quarter, Holdings Channel.com reports. The fund acquired 91,729 shares of the company’s stock, valued at approximately $1,259,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millrace Asset Group Inc. purchased a new stake in Rush Street Interactive during the third quarter worth about $2,135,000. Principal Financial Group Inc. lifted its position in Rush Street Interactive by 656.2% during the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after purchasing an additional 67,388 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Rush Street Interactive by 72.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock worth $8,907,000 after acquiring an additional 344,276 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Rush Street Interactive in the 3rd quarter worth approximately $656,000. Finally, Legato Capital Management LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $1,897,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on RSI shares. Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, February 27th. JMP Securities reaffirmed a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Macquarie reaffirmed an “outperform” rating and set a $16.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Finally, Benchmark increased their target price on Rush Street Interactive from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, February 28th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $15.50.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 149,605 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $14.61, for a total value of $2,185,729.05. Following the transaction, the chief executive officer now owns 2,151,648 shares of the company’s stock, valued at $31,435,577.28. This represents a 6.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Einar Roosileht sold 70,000 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.67, for a total value of $816,900.00. Following the transaction, the insider now directly owns 946,150 shares in the company, valued at approximately $11,041,570.50. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 960,164 shares of company stock worth $12,870,812 over the last three months. 56.89% of the stock is currently owned by corporate insiders.

Rush Street Interactive Stock Up 11.0 %

Rush Street Interactive stock opened at $10.75 on Friday. Rush Street Interactive, Inc. has a 52 week low of $5.71 and a 52 week high of $16.78. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -537.25 and a beta of 1.92. The stock has a 50-day moving average price of $13.73 and a 200 day moving average price of $12.36.

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.