138,260 Shares in Rush Street Interactive, Inc. (NYSE:RSI) Bought by Legato Capital Management LLC

Legato Capital Management LLC purchased a new position in Rush Street Interactive, Inc. (NYSE:RSI) in the fourth quarter, Holdings Channel.com reports. The fund purchased 138,260 shares of the company’s stock, valued at approximately $1,897,000.

Other institutional investors have also added to or reduced their stakes in the company. Millrace Asset Group Inc. bought a new position in Rush Street Interactive in the third quarter worth $2,135,000. Principal Financial Group Inc. raised its holdings in Rush Street Interactive by 656.2% in the third quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock worth $843,000 after purchasing an additional 67,388 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Rush Street Interactive by 72.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 820,955 shares of the company’s stock worth $8,907,000 after purchasing an additional 344,276 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Rush Street Interactive in the third quarter worth $656,000. Finally, GSA Capital Partners LLP raised its holdings in Rush Street Interactive by 42.6% in the third quarter. GSA Capital Partners LLP now owns 279,367 shares of the company’s stock worth $3,031,000 after purchasing an additional 83,436 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

RSI has been the subject of several analyst reports. Craig Hallum raised their price target on Rush Street Interactive from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC raised their price target on Rush Street Interactive from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, January 17th. Jefferies Financial Group raised their price target on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, JMP Securities restated a “market perform” rating on shares of Rush Street Interactive in a report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.00.

Rush Street Interactive Trading Up 3.3 %

NYSE RSI opened at $14.92 on Wednesday. Rush Street Interactive, Inc. has a one year low of $5.22 and a one year high of $15.98. The stock has a 50-day moving average of $14.15 and a 200 day moving average of $11.88.

Insider Buying and Selling

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $11.02, for a total value of $220,400.00. Following the transaction, the chief operating officer now directly owns 580,484 shares of the company’s stock, valued at approximately $6,396,933.68. This trade represents a 3.33 % 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, CEO Richard Todd Schwartz sold 149,605 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 2,151,648 shares in the company, valued at $31,435,577.28. The trade was a 6.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,052,258 shares of company stock worth $14,193,769. 56.89% of the stock is owned by corporate 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.