Rush Street Interactive, Inc. $RSI Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. trimmed its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 4.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,337,048 shares of the company’s stock after selling 58,820 shares during the period. Jupiter Asset Management Ltd. owned 0.58% of Rush Street Interactive worth $19,922,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of RSI. Pacer Advisors Inc. raised its position in shares of Rush Street Interactive by 94.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock worth $27,000 after buying an additional 1,232 shares in the last quarter. Summit Securities Group LLC purchased a new position in Rush Street Interactive during the first quarter valued at approximately $33,000. Farther Finance Advisors LLC purchased a new position in Rush Street Interactive in the second quarter valued at about $42,000. AlphaQuest LLC grew its position in Rush Street Interactive by 431.3% in the second quarter. AlphaQuest LLC now owns 7,395 shares of the company’s stock worth $110,000 after acquiring an additional 6,003 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in Rush Street Interactive by 11.1% during the second quarter. Teacher Retirement System of Texas now owns 13,615 shares of the company’s stock worth $203,000 after buying an additional 1,358 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 15,038 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $22.34, for a total transaction of $335,948.92. Following the sale, the chief financial officer directly owned 418,651 shares of the company’s stock, valued at approximately $9,352,663.34. The trade was a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Einar Roosileht sold 70,000 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $19.96, for a total transaction of $1,397,200.00. Following the transaction, the insider owned 876,150 shares of the company’s stock, valued at $17,487,954. The trade was a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 826,753 shares of company stock valued at $16,018,954. Company insiders own 56.94% of the company’s stock.

Rush Street Interactive Stock Performance

Shares of NYSE RSI opened at $17.33 on Thursday. The company has a market capitalization of $3.98 billion, a P/E ratio of 69.32 and a beta of 1.86. Rush Street Interactive, Inc. has a 52-week low of $9.54 and a 52-week high of $22.65. The company’s 50 day moving average price is $19.53 and its 200-day moving average price is $16.79.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The company had revenue of $277.91 million for the quarter, compared to analyst estimates of $264.60 million. During the same quarter in the prior year, the business posted $0.05 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. Rush Street Interactive has set its FY 2025 guidance at EPS. Analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna reaffirmed a “positive” rating and issued a $19.00 price target (up from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Zacks Research upgraded shares of Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. raised their price target on shares of Rush Street Interactive from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rush Street Interactive in a research report on Wednesday, October 8th. Finally, Benchmark upped their target price on shares of Rush Street Interactive from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.75.

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.