Rush Street Interactive Inc (RSI)

Nicholas Investment Partners LP has made a new investment in Rush Street Interactive, acquiring over 564,000 shares valued at approximately $16.79 million, representing 0.24% of the company. Other institutional investors have also adjusted their holdings in RSI, which recently reported strong quarterly revenue of $393.78 million, surpassing estimates. Despite a "Moderate Buy" consensus rating from analysts, company insiders have sold a significant number of shares in recent months.

BlackRock Inc. has made a significant new investment of $448.44 million in Rush Street Interactive, Inc. (NYSE:RSI), acquiring over 15 million shares. This move makes BlackRock Inc. a major stakeholder, owning about 6.48% of the company. Other institutional investors have also adjusted their holdings, and analysts maintain a "Moderate Buy" rating with an average target price of $35.22 for RSI.

Rush Street Interactive (NYSE:RSI) has an average "Moderate Buy" rating from analysts, with a consensus 12-month price target of $35.22, exceeding its current share price of $25.70. The company recently met earnings expectations at $0.15 per share and surpassed revenue forecasts with $393.78 million, a 46.3% year-over-year increase. While insiders sold shares worth $17.35 million in the last 90 days, they still hold 52.89% of the stock, and institutional investors own 24.78%.

Landscape Capital Management L.L.C. has acquired a new stake of 415,050 shares, valued at $12.34 million, in Rush Street Interactive, Inc. (NYSE:RSI) during the second quarter. This investment represents 0.8% of Landscape Capital Management's portfolio and approximately 0.18% of RSI's outstanding shares. Despite insider sales totaling $17.35 million by executives, analysts maintain a "Moderate Buy" rating with a consensus target price of $35.22, following strong Q2 revenue of $393.78 million.

William Blair Investment Management LLC has acquired 1,635,734 shares of Rush Street Interactive, Inc. (NYSE:RSI) for approximately $48.6 million, taking a 0.71% stake in the company. This comes as other institutional investors have also increased their holdings, and the company reported strong Q2 revenue of $393.8 million, exceeding analyst expectations. Despite positive analyst sentiment and a "Moderate Buy" rating, insiders have sold over 614,000 shares in the past three months.