Jump Financial LLC Buys 88,155 Shares of Rush Street Interactive, Inc. $RSI

Key Points

• Jump Financial LLC increased its stake in Rush Street Interactive by 41.5%, acquiring an additional 88,155 shares, bringing its total to 300,400 shares valued at approximately $3.22 million.
• Rush Street Interactive reported $0.11 earnings per share for the latest quarter, exceeding consensus estimates of $0.08, and saw a 22.2% increase in revenue year-over-year.
• Several analysts have issued buy ratings for Rush Street Interactive, with an average price target of $17.89, as the company continues to experience positive momentum in the market.

Jump Financial LLC raised its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 41.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 300,400 shares of the company's stock after buying an additional 88,155 shares during the quarter. Jump Financial LLC owned 0.13% of Rush Street Interactive worth $3,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of RSI. Pacer Advisors Inc. increased its stake in shares of Rush Street Interactive by 94.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock valued at $27,000 after acquiring an additional 1,232 shares during the last quarter. Summit Securities Group LLC acquired a new position in Rush Street Interactive during the first quarter valued at approximately $33,000. Heck Capital Advisors LLC bought a new stake in Rush Street Interactive in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC raised its holdings in Rush Street Interactive by 1,687.6% in the first quarter. GAMMA Investing LLC now owns 6,507 shares of the company's stock worth $70,000 after purchasing an additional 6,143 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Rush Street Interactive during the fourth quarter worth $95,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RSI shares. Wall Street Zen cut shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Jefferies Financial Group increased their price target on Rush Street Interactive from $17.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Benchmark lifted their price objective on Rush Street Interactive from $17.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on Rush Street Interactive in a research report on Monday, June 23rd. They issued a "neutral" rating and a $14.00 price objective for the company. Finally, Needham & Company LLC raised their target price on shares of Rush Street Interactive from $17.00 to $21.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Rush Street Interactive presently has an average rating of "Moderate Buy" and an average price target of $17.89.

Rush Street Interactive Stock Up 3.2%

NYSE:RSI opened at $21.67 on Wednesday. The company has a market cap of $4.95 billion, a P/E ratio of 108.33 and a beta of 1.90. Rush Street Interactive, Inc. has a twelve month low of $8.76 and a twelve month high of $21.80. The business has a 50 day moving average price of $16.66 and a two-hundred day moving average price of $13.73.

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 for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $269.22 million during the quarter, compared to analysts' expectations of $248.98 million. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%.Rush Street Interactive's revenue for the quarter was up 22.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Rush Street Interactive

In related news, Director Masi Niccolo De sold 446,094 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $18.35, for a total value of $8,185,824.90. Following the transaction, the director owned 15,203 shares in the company, valued at approximately $278,975.05. This represents a 96.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith Gold sold 100,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $19.61, for a total value of $1,961,000.00. Following the completion of the transaction, the director directly owned 111,629 shares in the company, valued at $2,189,044.69. The trade was a 47.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,816,090 shares of company stock worth $44,026,948 over the last ninety days. Insiders own 56.89% of the company's stock.

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.

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