GSA Capital Partners LLP Acquires Shares of 67,112 Rush Street Interactive, Inc. $RSI

Key Points

• GSA Capital Partners acquired 67,112 shares of Rush Street Interactive during the second quarter, valued at approximately $2.0 million. Institutional investors and hedge funds collectively own 24.78% of the company.
• Rush Street Interactive reported quarterly revenue of $393.78 million, up 46.3% year over year and above analyst expectations of $367.75 million; earnings per share came in at $0.15, matching estimates.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $35.22, while recent insider activity included sales totaling 614,002 shares worth approximately $17.35 million.

GSA Capital Partners LLP acquired a new stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 67,112 shares of the company's stock, valued at approximately $1,996,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Rush Street Interactive by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company's stock valued at $175,843,000 after buying an additional 227,783 shares in the last quarter. Alliancebernstein L.P. raised its stake in Rush Street Interactive by 1.3% during the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company's stock worth $92,592,000 after acquiring an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company's stock valued at $57,815,000 after acquiring an additional 2,496,109 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Rush Street Interactive by 84.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company's stock valued at $60,121,000 after acquiring an additional 1,267,622 shares during the period. Finally, William Blair Investment Management LLC boosted its stake in shares of Rush Street Interactive by 17.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company's stock valued at $49,698,000 after purchasing an additional 378,002 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

Rush Street Interactive Stock Up 4.0%

Shares of NYSE RSI opened at $25.59 on Friday. Rush Street Interactive, Inc. has a 12-month low of $15.51 and a 12-month high of $34.53. The firm's 50-day simple moving average is $29.79 and its 200 day simple moving average is $24.81. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 88.26 and a beta of 1.59.

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

Insider Activity at Rush Street Interactive

In related news, CFO Kyle Sauers sold 23,000 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.65, for a total value of $612,950.00. Following the completion of the transaction, the chief financial officer owned 629,526 shares in the company, valued at $16,776,867.90. The trade was a 3.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of the company'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 transaction, the insider directly owned 93,256 shares in the company, valued at approximately $2,808,870.72. This represents a 9.68% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 614,002 shares of company stock worth $17,350,367. 52.89% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RSI shares. 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. Wells Fargo & Company boosted their price target on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Susquehanna upped their price objective on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock a "positive" rating in a research note on Wednesday, July 29th. New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a report on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.22.

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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