Bayesian Capital Management LP Acquires New Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Bayesian Capital Management LP acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 61,900 shares of the company’s stock, valued at approximately $403,000.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC lifted its position in Rush Street Interactive by 33.2% during the fourth quarter. SG Americas Securities LLC now owns 15,108 shares of the company’s stock valued at $68,000 after purchasing an additional 3,764 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Rush Street Interactive by 13,627.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,943 shares of the company’s stock worth $78,000 after acquiring an additional 11,856 shares during the last quarter. North Star Investment Management Corp. lifted its holdings in shares of Rush Street Interactive by 303.9% in the 1st quarter. North Star Investment Management Corp. now owns 20,600 shares of the company’s stock worth $134,000 after acquiring an additional 15,500 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Rush Street Interactive by 665.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 21,923 shares of the company’s stock worth $98,000 after acquiring an additional 19,058 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $90,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Up 0.2 %

RSI traded up $0.02 during midday trading on Wednesday, hitting $10.00. 80,540 shares of the company traded hands, compared to its average volume of 1,523,507. The firm has a market capitalization of $2.25 billion, a PE ratio of -58.62 and a beta of 1.79. The company’s 50-day moving average is $9.30 and its 200 day moving average is $7.34. Rush Street Interactive, Inc. has a 52 week low of $3.17 and a 52 week high of $10.55.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $217.43 million for the quarter, compared to the consensus estimate of $203.05 million. Rush Street Interactive had a negative net margin of 1.58% and a negative return on equity of 15.68%. On average, sell-side analysts predict that Rush Street Interactive, Inc. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RSI has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Rush Street Interactive from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Craig Hallum upped their price target on shares of Rush Street Interactive from $8.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Needham & Company LLC upped their price target on shares of Rush Street Interactive from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Wells Fargo & Company upped their price target on shares of Rush Street Interactive from $9.00 to $11.00 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.83.

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.