Landscape Capital Management L.L.C. Takes $12.34 Million Position in Rush Street Interactive, Inc. $RSI

Key Points

• Landscape Capital Management acquired 415,050 shares of Rush Street Interactive worth approximately $12.34 million, representing 0.8% of its portfolio and about 0.18% of RSI’s outstanding shares.
• Institutional ownership stands at 24.78%, while insiders own 52.89%; company executives sold shares under pre-arranged Rule 10b5-1 plans, with insiders selling 614,002 shares worth roughly $17.35 million during the quarter.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $35.22 price target. RSI’s latest quarter included revenue of $393.78 million, up 46.3% year over year and above estimates.

Landscape Capital Management L.L.C. bought a new stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 415,050 shares of the company's stock, valued at approximately $12,344,000. Rush Street Interactive comprises 0.8% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 10th largest position. Landscape Capital Management L.L.C. owned about 0.18% of Rush Street Interactive as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rush Street Interactive by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company's stock worth $484,000 after buying an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Rush Street Interactive by 18.8% in the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company's stock valued at $7,394,000 after buying an additional 109,366 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $166,000. Invesco Ltd. boosted its stake in shares of Rush Street Interactive by 377.1% during the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company's stock worth $4,063,000 after acquiring an additional 215,538 shares during the period. Finally, First Trust Advisors LP bought a new stake in Rush Street Interactive in the 2nd quarter valued at $3,766,000. Institutional investors own 24.78% of the company's stock.

Insider Buying and Selling

In other news, COO Mattias Stetz sold 20,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $28.03, for a total value of $560,600.00. Following the completion of the sale, the chief operating officer owned 177,874 shares of the company's stock, valued at approximately $4,985,808.22. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 111,112 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.02, for a total value of $3,113,358.24. Following the completion of the sale, the chief executive officer owned 421,258 shares in the company, valued at $11,803,649.16. The trade was a 20.87% 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. Over the last quarter, insiders have sold 614,002 shares of company stock worth $17,350,367. Corporate insiders own 52.89% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup reaffirmed a "market outperform" rating on shares of Rush Street Interactive in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Thursday, July 30th. Oppenheimer increased their price objective on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Weiss Ratings cut shares of Rush Street Interactive from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Finally, Susquehanna increased their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company a "positive" rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. 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 Price Performance

RSI stock opened at $25.70 on Friday. The stock has a market cap of $5.96 billion, a price-to-earnings ratio of 88.62 and a beta of 1.59. The company has a 50 day simple moving average of $29.49 and a 200 day simple moving average of $25.09. Rush Street Interactive, Inc. has a 1 year low of $15.51 and a 1 year high of $34.53.

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

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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