Jefferies Financial Group Inc. Buys Shares of 290,442 Rush Street Interactive, Inc. $RSI

Jefferies Financial Group Inc. purchased a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 290,442 shares of the company's stock, valued at approximately $8,638,000. Jefferies Financial Group Inc. owned approximately 0.13% of Rush Street Interactive as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in RSI. Corient Private Wealth LP purchased a new stake in shares of Rush Street Interactive in the second quarter valued at $1,967,000. Bank of America Corp DE acquired a new stake in shares of Rush Street Interactive during the second quarter valued at $34,015,000. Freestone Grove Partners LP purchased a new stake in Rush Street Interactive during the 2nd quarter worth about $304,000. Odyssean LLC increased its position in Rush Street Interactive by 18.0% during the 2nd quarter. Odyssean LLC now owns 66,700 shares of the company's stock worth $1,984,000 after purchasing an additional 10,193 shares in the last quarter. Finally, Man Group plc acquired a new position in Rush Street Interactive in the 2nd quarter valued at about $4,866,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rush Street Interactive

In other news, insider Paul Wierbicki sold 10,000 shares of the firm's stock in a transaction dated 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 $2,808,870.72. This trade represents a 9.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $28.03, for a total value of $560,600.00. Following the completion of the transaction, the chief operating officer directly owned 177,874 shares in the company, valued at $4,985,808.22. This represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 in the last three months. 52.89% of the stock is currently owned by insiders.

Rush Street Interactive Stock Down 0.9%

NYSE:RSI opened at $26.14 on Friday. The company has a market cap of $6.06 billion, a P/E ratio of 90.13 and a beta of 1.59. The firm's 50 day moving average is $29.26 and its two-hundred day moving average is $25.40. Rush Street Interactive, Inc. has a fifty-two week low of $15.51 and a fifty-two week high of $34.53.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RSI shares. Benchmark upped their target price on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a "buy" rating in a report on Thursday, July 23rd. Weiss Ratings downgraded shares of Rush Street Interactive from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. Citizens Jmp boosted their price objective on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a "market outperform" rating in a research report on Thursday, July 30th. Citigroup reissued a "market outperform" rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised their target price on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Rush Street Interactive presently has a consensus rating of "Moderate Buy" and an average price target of $35.22.

Rush Street Interactive 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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