Landscape Capital Management L.L.C. Purchases New Position in Rush Street Interactive, Inc. $RSI

Key Points

• Landscape Capital Management L.L.C. acquired a new position of 526,267 shares in Rush Street Interactive (~$10.78M), representing about 0.23% of RSI and roughly 0.7% of Landscape’s portfolio as its 21st largest holding.
• Insiders have been net sellers: the CEO sold 247,113 shares and the CFO sold 23,000, with insiders offloading 1,372,743 shares worth $25.6M in the last 90 days, though insiders still own 56.94% of the company.
• Analysts hold a consensus "Moderate Buy" with an average target of $22.88 (Oppenheimer raised its target to $25), and RSI reported a quarter with a revenue beat ($324.9M vs. $305.1M) but an EPS miss ($0.08 vs. $0.10); the stock trades around $21.03 with a $4.89B market cap.

Landscape Capital Management L.L.C. acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 526,267 shares of the company's stock, valued at approximately $10,778,000. Rush Street Interactive makes up about 0.7% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 21st biggest position. Landscape Capital Management L.L.C. owned approximately 0.23% of Rush Street Interactive at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Concord Wealth Partners acquired a new position in shares of Rush Street Interactive during the 3rd quarter worth $41,000. Osaic Holdings Inc. lifted its stake in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company's stock valued at $73,000 after purchasing an additional 1,868 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Rush Street Interactive in the 2nd quarter valued at $90,000. Pacer Advisors Inc. boosted its holdings in Rush Street Interactive by 57.2% in the third quarter. Pacer Advisors Inc. now owns 5,027 shares of the company's stock worth $103,000 after purchasing an additional 1,830 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Rush Street Interactive during the third quarter worth $105,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RSI has been the topic of a number of analyst reports. Susquehanna set a $22.00 price objective on Rush Street Interactive in a report on Wednesday, January 21st. Craig Hallum reaffirmed a "buy" rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Benchmark reiterated a "buy" rating on shares of Rush Street Interactive in a report on Wednesday, February 18th. Oppenheimer lifted their price target on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company an "outperform" rating in a research report on Wednesday, February 18th. Finally, Zacks Research cut shares of Rush Street Interactive from a "strong-buy" rating to a "hold" rating in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given 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 target price of $22.88.

Rush Street Interactive Price Performance

RSI stock traded up $0.20 on Friday, reaching $21.03. 100,685 shares of the company were exchanged, compared to its average volume of 2,123,282. The firm has a market capitalization of $4.89 billion, a PE ratio of 74.90 and a beta of 1.54. Rush Street Interactive, Inc. has a 12 month low of $9.66 and a 12 month high of $22.65. The stock's fifty day moving average price is $18.60 and its 200 day moving average price is $19.10.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The company had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. During the same period last year, the company earned $0.07 earnings per share. Rush Street Interactive's revenue for the quarter was up 27.8% on a year-over-year basis. As a group, research analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Insider Transactions at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 247,113 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $19.83, for a total value of $4,900,250.79. Following the completion of the transaction, the chief executive officer directly owned 454,821 shares in the company, valued at approximately $9,019,100.43. This represents a 35.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kyle Sauers sold 23,000 shares of the firm's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $19.46, for a total value of $447,580.00. Following the completion of the transaction, the chief financial officer directly owned 640,306 shares of the company's stock, valued at approximately $12,460,354.76. This trade represents a 3.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,372,743 shares of company stock worth $25,614,892 over the last 90 days. Insiders own 56.94% of the company's stock.

About Rush Street Interactive

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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