Occudo Quantitative Strategies LP Has $152,000 Stock Holdings in Rush Street Interactive, Inc. (NYSE:RSI)

Occudo Quantitative Strategies LP lessened its position in Rush Street Interactive, Inc. (NYSE:RSI) by 73.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,069 shares of the company’s stock after selling 30,113 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Rush Street Interactive were worth $152,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd acquired a new stake in Rush Street Interactive in the 4th quarter valued at approximately $28,000. Heck Capital Advisors LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at approximately $34,000. WealthTrak Capital Management LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at approximately $71,000. Lazard Asset Management LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at approximately $95,000. Finally, NewEdge Advisors LLC acquired a new stake in Rush Street Interactive in the 4th quarter valued at approximately $148,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Trading Up 1.1%

RSI stock opened at $12.27 on Friday. The firm has a market capitalization of $2.80 billion, a PE ratio of -613.70 and a beta of 1.88. Rush Street Interactive, Inc. has a 1-year low of $8.29 and a 1-year high of $16.78. The business’s 50 day simple moving average is $11.40 and its 200 day simple moving average is $12.75.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, April 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $262.41 million for the quarter, compared to analyst estimates of $258.90 million. Rush Street Interactive had a negative return on equity of 3.73% and a negative net margin of 0.16%. The firm’s revenue was up 20.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. As a group, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on RSI. Needham & Company LLC reissued a “buy” rating and issued a $17.00 target price on shares of Rush Street Interactive in a research report on Thursday, May 1st. Macquarie reaffirmed an “outperform” rating and set a $16.00 price target on shares of Rush Street Interactive in a research report on Friday, May 2nd. 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. Susquehanna boosted their price target on Rush Street Interactive from $14.00 to $15.00 and gave the stock a “positive” rating in a research report on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price target 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.63.

Insider Buying and Selling

In related news, COO Mattias Stetz sold 3,777 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $12.08, for a total transaction of $45,626.16. Following the transaction, the chief operating officer now directly owns 421,051 shares of the company’s stock, valued at approximately $5,086,296.08. The trade was a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Todd Schwartz sold 193,905 shares of the business’s stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $10.63, for a total value of $2,061,210.15. Following the transaction, the chief executive officer now directly owns 1,599,186 shares in the company, valued at $16,999,347.18. The trade was a 10.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 723,805 shares of company stock valued at $7,957,809. 56.94% of the stock is owned by 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.