Rush Street Interactive, Inc. $RSI Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 572.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 34,674 shares of the company’s stock after buying an additional 29,515 shares during the period. State of Alaska Department of Revenue’s holdings in Rush Street Interactive were worth $673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of RSI. Concord Wealth Partners purchased a new stake in shares of Rush Street Interactive in the third quarter worth about $41,000. Osaic Holdings Inc. raised its position in Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after acquiring an additional 1,868 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Rush Street Interactive during the second quarter valued at approximately $90,000. Pacer Advisors Inc. lifted its holdings in Rush Street Interactive by 57.2% in the third quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock valued at $103,000 after acquiring an additional 1,830 shares during the period. Finally, US Bancorp DE purchased a new stake in Rush Street Interactive in the 3rd quarter worth approximately $115,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Insider Transactions at Rush Street Interactive

In other news, Director Judith Gold sold 48,286 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $23.07, for a total transaction of $1,113,958.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 29,725 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $20.07, for a total transaction of $596,580.75. Following the completion of the sale, the chief operating officer owned 8,495 shares of the company’s stock, valued at $170,494.65. This trade represents a 77.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,239,588 shares of company stock worth $24,025,669. Company insiders own 56.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Citizens Jmp raised their price objective on shares of Rush Street Interactive from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, April 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on shares of Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Susquehanna set a $22.00 price objective on shares of Rush Street Interactive in a report on Wednesday, January 21st. Finally, Citigroup upgraded shares of Rush Street Interactive to an “outperform” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.67.

Rush Street Interactive Trading Up 1.0%

RSI stock opened at $23.34 on Friday. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 83.34 and a beta of 1.45. The business’s 50-day moving average is $20.82 and its 200 day moving average is $19.21. Rush Street Interactive, Inc. has a 12-month low of $11.12 and a 12-month high of $23.91.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The firm had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. During the same quarter last year, the business earned $0.07 EPS. The business’s revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts forecast that Rush Street Interactive, Inc. will post 0.43 EPS for the current fiscal year.

Rush Street Interactive Company Profile

Rush Street Interactive (NYSE: RSI) is a digital gaming and sports betting company that develops and operates online wagering platforms in regulated markets. As a subsidiary of Rush Street Gaming, the company specializes in delivering interactive casino games, live dealer experiences, and sports betting services through desktop and mobile applications. Its technology infrastructure is designed to support real-time wagering, secure transactions, and responsible gaming tools across multiple jurisdictions.

The company’s flagship brand, BetRivers, offers a range of casino titles—including slots, table games, and virtual sports—alongside a comprehensive sportsbook featuring pre-game and in-play betting markets.