Algert Global LLC Sells 118,850 Shares of Rush Street Interactive, Inc. $RSI

Key Points

• Algert Global cut its Rush Street Interactive position by 62.2% in the second quarter, selling 118,850 shares and retaining 72,359 shares valued at approximately $2.15 million.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $35.22; several firms recently raised their targets to $36–$39.
• Rush Street Interactive reported quarterly revenue of $393.78 million, up 46.3% year over year and above expectations, while company insiders sold 614,002 shares worth approximately $17.35 million during the past quarter.

Algert Global LLC trimmed its position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 62.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,359 shares of the company's stock after selling 118,850 shares during the quarter. Algert Global LLC's holdings in Rush Street Interactive were worth $2,152,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Rush Street Interactive during the 2nd quarter valued at about $35,000. CoreCap Advisors LLC bought a new stake in Rush Street Interactive in the second quarter worth about $54,000. Allworth Financial LP bought a new stake in Rush Street Interactive in the second quarter worth about $57,000. Kemnay Advisory Services Inc. purchased a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $47,000. Finally, Empowered Funds LLC purchased a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $55,000. Institutional investors own 24.78% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC upped their target price on Rush Street Interactive from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. boosted their price objective on Rush Street Interactive from $26.00 to $30.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. Oppenheimer upped their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Susquehanna upped their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the company a "positive" rating in a research report on Wednesday, July 29th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $39.00 target price on shares of Rush Street Interactive in a research report on Thursday, July 30th. One 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 company. According to MarketBeat, Rush Street Interactive has a consensus rating of "Moderate Buy" and a consensus target price of $35.22.

Rush Street Interactive Stock Up 0.8%

Shares of NYSE RSI opened at $26.40 on Friday. The business has a fifty day simple moving average of $29.21 and a two-hundred day simple moving average of $25.40. The firm has a market cap of $6.12 billion, a PE ratio of 91.04 and a beta of 1.59. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $393.78 million during the quarter, compared to analysts' expectations of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The business's revenue for the quarter was up 46.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. On average, research analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Insider Buying and Selling at Rush Street Interactive

In other news, COO Mattias Stetz sold 20,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.03, for a total transaction of $560,600.00. Following the transaction, the chief operating officer directly owned 177,874 shares in the company, valued at approximately $4,985,808.22. This trade represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the transaction, the chief executive officer directly owned 421,258 shares in the company, valued at approximately $11,803,649.16. The trade was a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 614,002 shares of company stock worth $17,350,367 over the last quarter. 52.89% of the stock is currently owned by company insiders.

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.

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