Jefferies Financial Group Inc. Purchases New Stake in Rush Street Interactive, Inc. $RSI

Key Points

• Jefferies Financial Group disclosed a new fourth-quarter stake in Rush Street Interactive, buying 105,676 shares worth about $2.05 million.
• Rush Street Interactive reported a strong quarter, with EPS of $0.14 beating estimates and revenue of $370.36 million also topping expectations, up 41.1% year over year.
• Analysts remain broadly positive, with several recent price-target increases and a consensus rating of Moderate Buy; however, insiders have also sold a significant amount of stock in recent months, including large sales by the COO and chairman.

Jefferies Financial Group Inc. purchased a new stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 105,676 shares of the company's stock, valued at approximately $2,053,000.

Other hedge funds have also recently bought and sold shares of the company. Concord Wealth Partners purchased a new position in Rush Street Interactive in the third quarter valued at approximately $41,000. Osaic Holdings Inc. raised its holdings in Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company's stock valued at $73,000 after buying an additional 1,868 shares during the period. Lazard Asset Management LLC purchased a new position in Rush Street Interactive in the second quarter valued at approximately $90,000. US Bancorp DE purchased a new position in Rush Street Interactive in the third quarter valued at approximately $115,000. Finally, Occudo Quantitative Strategies LP purchased a new position in Rush Street Interactive in the second quarter valued at approximately $156,000. Hedge funds and other institutional investors own 24.78% of the company's stock.

Rush Street Interactive Trading Up 4.0%

Shares of NYSE:RSI opened at $27.19 on Thursday. The company has a fifty day simple moving average of $24.21 and a 200 day simple moving average of $20.57. The firm has a market cap of $6.33 billion, a PE ratio of 87.69 and a beta of 1.65. Rush Street Interactive, Inc. has a 12-month low of $11.76 and a 12-month high of $29.24.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.83 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The business's revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. As a group, equities research analysts forecast that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RSI has been the topic of several research reports. Benchmark raised their price target on shares of Rush Street Interactive from $24.00 to $30.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Freedom Capital upgraded shares of Rush Street Interactive to a "strong-buy" rating in a report on Wednesday, March 11th. Susquehanna raised their price target on shares of Rush Street Interactive from $25.00 to $29.00 and gave the company a "positive" rating in a report on Wednesday, April 29th. Citigroup restated an "outperform" rating on shares of Rush Street Interactive in a report on Wednesday, May 20th. Finally, Wall Street Zen lowered shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $29.25.

Insider Activity at Rush Street Interactive

In related news, COO Mattias Stetz sold 11,175 shares of Rush Street Interactive stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $278,928.00. Following the completion of the sale, the chief operating officer owned 237,874 shares in the company, valued at approximately $5,937,335.04. The trade was a 4.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Neil Bluhm sold 1,371,150 shares of Rush Street Interactive stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $34,223,904.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,365,020 shares of company stock worth $82,047,010 in the last ninety days. 52.89% of the stock is currently owned by corporate insiders.

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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