Rush Street Interactive, Inc. $RSI Shares Acquired by Driehaus Capital Management LLC

Key Points

• Driehaus Capital Management LLC increased its position in Rush Street Interactive, Inc. by 12.7%, owning 2,480,268 shares worth approximately $26.59 million at the end of the recent reporting period.
• Insiders have sold a total of 2,816,090 shares of Rush Street Interactive stock in the last quarter, demonstrating significant changes in ownership among the company's directors.
• Rush Street Interactive's stock has reached a market cap of $5.10 billion, with a price of $22.31 per share, and reported a quarterly revenue increase of 22.2% compared to the previous year.

Driehaus Capital Management LLC grew its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,480,268 shares of the company's stock after buying an additional 279,751 shares during the period. Driehaus Capital Management LLC owned 1.09% of Rush Street Interactive worth $26,588,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Rush Street Interactive by 28.0% in the 4th quarter. Bank of America Corp DE now owns 563,769 shares of the company's stock valued at $7,735,000 after buying an additional 123,305 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Rush Street Interactive by 72.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 542,376 shares of the company's stock valued at $5,814,000 after buying an additional 228,187 shares in the last quarter. Calamos Advisors LLC boosted its holdings in shares of Rush Street Interactive by 17.9% in the 1st quarter. Calamos Advisors LLC now owns 540,008 shares of the company's stock valued at $5,789,000 after buying an additional 82,067 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Rush Street Interactive by 41.5% in the 1st quarter. Jump Financial LLC now owns 300,400 shares of the company's stock valued at $3,220,000 after buying an additional 88,155 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in Rush Street Interactive in the 4th quarter valued at $783,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Rush Street Interactive Stock Performance

RSI traded down $0.06 during trading on Wednesday, hitting $21.33. The stock had a trading volume of 1,079,554 shares, compared to its average volume of 1,703,641. The firm has a market capitalization of $4.87 billion, a P/E ratio of 106.67 and a beta of 1.90. The company's 50-day moving average price is $17.45 and its 200 day moving average price is $13.96. Rush Street Interactive, Inc. has a twelve month low of $8.92 and a twelve month high of $22.55.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $269.22 million for the quarter, compared to analysts' expectations of $248.98 million. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. Rush Street Interactive's revenue was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In other news, Director Masi Niccolo De sold 446,094 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $18.35, for a total transaction of $8,185,824.90. Following the transaction, the director directly owned 15,203 shares of the company's stock, valued at $278,975.05. This represents a 96.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Todd Schwartz sold 193,905 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $15.39, for a total transaction of $2,984,197.95. Following the transaction, the chief executive officer directly owned 1,017,471 shares in the company, valued at approximately $15,658,878.69. This trade represents a 16.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,721,090 shares of company stock valued at $42,842,298 in the last ninety days. 56.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RSI shares. Needham & Company LLC upped their price target on shares of Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Susquehanna reiterated a "positive" rating and issued a $19.00 price target (up previously from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Jefferies Financial Group upped their price target on shares of Rush Street Interactive from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Zacks Research upgraded shares of Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Finally, Benchmark upped their price target on shares of Rush Street Interactive from $17.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Rush Street Interactive presently has an average rating of "Moderate Buy" and an average target price of $17.89.

Rush Street Interactive Profile

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.