Calamos Advisors LLC Lowers Stake in Rush Street Interactive, Inc. $RSI

Calamos Advisors LLC lowered its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 33.1% during the 1st quarter, HoldingsChannel reports. The fund owned 315,092 shares of the company’s stock after selling 155,879 shares during the period. Calamos Advisors LLC’s holdings in Rush Street Interactive were worth $6,853,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $47,000. Empowered Funds LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $55,000. Osaic Holdings Inc. grew its stake in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares during the last quarter. US Bancorp DE purchased a new stake in shares of Rush Street Interactive in the 3rd quarter worth approximately $115,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Rush Street Interactive in the 2nd quarter worth approximately $90,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Insiders Place Their Bets

In other news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total value of $624,400.00. Following the completion of the transaction, the chief operating officer owned 197,874 shares in the company, valued at $6,177,626.28. The trade was a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $30.12, for a total value of $301,200.00. Following the completion of the transaction, the insider owned 93,256 shares of the company’s stock, valued at $2,808,870.72. This represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,162,379 shares of company stock worth $81,133,020 in the last 90 days. 52.89% of the stock is currently owned by company insiders.

Rush Street Interactive Stock Down 2.0%

NYSE:RSI opened at $33.49 on Wednesday. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 108.02 and a beta of 1.56. The company’s 50 day moving average price is $28.88 and its 200-day moving average price is $23.27. Rush Street Interactive, Inc. has a 52 week low of $14.38 and a 52 week high of $34.51.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.09 EPS. As a group, sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RSI shares. JPMorgan Chase & Co. lifted their price objective on Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Wells Fargo & Company increased their target price on Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their price target on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Needham & Company LLC raised their price target on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average target price of $29.62.

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.