Rush Street Interactive, Inc. $RSI Position Increased by PEAK6 LLC

Key Points

• PEAK6 LLC has increased its stake in Rush Street Interactive, Inc. (RSI) by 34.2%, owning 75,536 shares valued at approximately $810,000 following the acquisition of an additional 19,236 shares.
• Recent analyst reports have been favorable, with several firms upgrading RSI’s rating to "strong-buy" and raising target prices, reflecting confidence in the company's growth potential.
• Insider selling activity has been noted, with COO Mattias Stetz and Director Judith Gold selling a combined total of 130,000 shares, a significant decrease in their ownership stakes.

PEAK6 LLC lifted its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 34.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,536 shares of the company's stock after buying an additional 19,236 shares during the quarter. PEAK6 LLC's holdings in Rush Street Interactive were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in RSI. Pacer Advisors Inc. grew its stake in Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company's stock worth $27,000 after purchasing an additional 1,232 shares in the last quarter. Summit Securities Group LLC acquired a new position in Rush Street Interactive in the first quarter worth about $33,000. Heck Capital Advisors LLC acquired a new position in Rush Street Interactive in the fourth quarter worth about $34,000. GAMMA Investing LLC grew its stake 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 in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Rush Street Interactive in the fourth quarter worth $95,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Insider Buying and Selling

In other Rush Street Interactive news, insider Einar Roosileht sold 70,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $21.47, for a total value of $1,502,900.00. Following the completion of the sale, the insider directly owned 876,150 shares of the company's stock, valued at approximately $18,810,940.50. This represents a 7.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Mattias Stetz sold 30,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $21.45, for a total transaction of $643,500.00. Following the completion of the sale, the chief operating officer directly owned 261,051 shares of the company's stock, valued at $5,599,543.95. The trade was a 10.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,821,090 shares of company stock worth $44,988,698 in the last ninety days. Insiders own 56.94% of the company's stock.

Analyst Ratings Changes

RSI has been the subject of a number of research reports. Benchmark lifted their price objective on shares of Rush Street Interactive from $17.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Rush Street Interactive in a research note on Monday, June 23rd. They issued a "neutral" rating and a $14.00 target price for the company. Zacks Research upgraded Rush Street Interactive from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Oppenheimer lifted their target price on Rush Street Interactive from $16.00 to $21.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC boosted their price target on shares of Rush Street Interactive from $17.00 to $21.00 and gave the company a "buy" rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Rush Street Interactive has a consensus rating of "Moderate Buy" and a consensus target price of $17.89.

Rush Street Interactive Trading Up 0.5%

RSI stock traded up $0.12 during trading on Thursday, hitting $21.40. The company had a trading volume of 529,070 shares, compared to its average volume of 1,704,159. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of 106.98 and a beta of 1.90. The business has a 50 day moving average of $17.58 and a 200 day moving average of $14.01. Rush Street Interactive, Inc. has a fifty-two week low of $8.93 and a fifty-two week high of $22.55.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $269.22 million during the quarter, compared to the consensus estimate of $248.98 million. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. The company's quarterly revenue was up 22.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.04 earnings per share. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

About Rush Street Interactive

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.