Jackson Creek Investment Advisors LLC Has $1.58 Million Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Jackson Creek Investment Advisors LLC decreased its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 30.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,081 shares of the company’s stock after selling 51,228 shares during the quarter. Jackson Creek Investment Advisors LLC owned approximately 0.05% of Rush Street Interactive worth $1,579,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Creative Planning purchased a new stake in shares of Rush Street Interactive during the third quarter worth $180,000. New York State Teachers Retirement System raised its stake in shares of Rush Street Interactive by 17.2% during the 3rd quarter. New York State Teachers Retirement System now owns 6,938 shares of the company’s stock worth $75,000 after purchasing an additional 1,020 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Rush Street Interactive by 656.2% during the 3rd quarter. Principal Financial Group Inc. now owns 77,658 shares of the company’s stock valued at $843,000 after buying an additional 67,388 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Rush Street Interactive by 7.3% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 25,727 shares of the company’s stock valued at $279,000 after buying an additional 1,745 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Rush Street Interactive in the third quarter worth approximately $1,795,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI opened at $10.52 on Friday. The stock’s 50-day moving average is $14.16 and its 200-day moving average is $12.32. The company has a market cap of $2.37 billion, a P/E ratio of -525.75 and a beta of 1.92. Rush Street Interactive, Inc. has a 52-week low of $5.67 and a 52-week high of $16.78.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JMP Securities reissued a “market perform” rating on shares of Rush Street Interactive in a research report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. Wells Fargo & Company increased their target price 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. Benchmark boosted their price target on Rush Street Interactive from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, February 28th. Finally, Jefferies Financial Group increased their price objective on Rush Street Interactive from $16.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.50.

Insider Activity at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 45,256 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $13.51, for a total transaction of $611,408.56. Following the completion of the transaction, the chief executive officer now directly owns 1,762,227 shares in the company, valued at $23,807,686.77. This represents a 2.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kyle Sauers sold 146,015 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $13.91, for a total transaction of $2,031,068.65. Following the completion of the sale, the chief financial officer now directly owns 433 shares of the company’s stock, valued at approximately $6,023.03. This trade represents a 99.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 895,853 shares of company stock worth $12,402,986 in the last 90 days. 56.89% of the stock is owned by company insiders.

Rush Street Interactive Company 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.