Jupiter Topco LLC Purchases New Shares in Rush Street Interactive, Inc. $RSI

Key Points

• Jupiter Topco LLC acquired 617,622 shares of Rush Street Interactive in the second quarter, valued at approximately $18.4 million and representing about 0.27% of the company.
• Institutional ownership expanded, with BlackRock and William Blair initiating positions and Ameriprise increasing its stake by 763.6%; hedge funds and other institutions now own 24.78% of RSI.
• Rush Street Interactive reported 46.3% year-over-year revenue growth to $393.78 million in its latest quarter, while analysts maintain a “Moderate Buy” consensus with an average price target of $35.22. Insiders, however, sold $17.35 million of shares over the past 90 days.

Jupiter Topco LLC purchased a new position in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 617,622 shares of the company's stock, valued at approximately $18,369,000. Jupiter Topco LLC owned about 0.27% of Rush Street Interactive as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Rush Street Interactive during the second quarter valued at $448,435,000. Ameriprise Financial Inc. lifted its holdings in shares of Rush Street Interactive by 763.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company's stock worth $57,815,000 after acquiring an additional 2,496,109 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter worth about $48,647,000. Arrowstreet Capital Limited Partnership grew its holdings in Rush Street Interactive by 84.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company's stock valued at $60,121,000 after purchasing an additional 1,267,622 shares during the last quarter. Finally, Cooper Creek Partners Management LLC bought a new position in Rush Street Interactive during the 1st quarter valued at about $24,874,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 111,112 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the transaction, the chief executive officer owned 421,258 shares of the company's stock, valued at approximately $11,803,649.16. This represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the firm's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $28.03, for a total value of $560,600.00. Following the transaction, the chief operating officer owned 177,874 shares in the company, valued at approximately $4,985,808.22. This represents a 10.11% decrease in their position. 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 have sold a total of 614,002 shares of company stock valued at $17,350,367 over the last 90 days. 52.89% of the stock is owned by corporate insiders.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $26.40 on Friday. The company has a 50 day moving average price of $29.21 and a 200-day moving average price of $25.40. Rush Street Interactive, Inc. has a fifty-two week low of $15.51 and a fifty-two week high of $34.53. The company has a market capitalization of $6.12 billion, a PE ratio of 91.04 and a beta of 1.59.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Jefferies Financial Group reissued a "buy" rating and issued a $39.00 price objective on shares of Rush Street Interactive in a research note on Thursday, July 30th. New Street Research set a $35.00 price target on Rush Street Interactive in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on Rush Street Interactive from $26.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Needham & Company LLC upped their price objective on Rush Street Interactive from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered 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, nine have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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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