Rush Street Interactive, Inc. $RSI Shares Bought by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. increased its stake in Rush Street Interactive by 57% in Q3, buying an additional 77,698 shares to hold 213,943 shares (about 0.09% of the company) worth roughly $4.38 million.
• In the most recent quarter Rush Street reported revenue of $324.9 million (up 27.8% year-over-year) beating expectations while EPS missed at $0.08 versus $0.10; the company has a market cap of about $5.29 billion and a consensus analyst target of $23.22 ("Moderate Buy").
• Insiders sold approximately 1.408 million shares worth $26.7 million in the last quarter, though corporate insiders still own 56.94% of the company's stock.

JPMorgan Chase & Co. raised its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 57.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 213,943 shares of the company's stock after buying an additional 77,698 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Rush Street Interactive worth $4,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Concord Wealth Partners purchased a new stake in shares of Rush Street Interactive during the 3rd quarter worth approximately $41,000. Osaic Holdings Inc. increased its stake in 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 in the last quarter. Pacer Advisors Inc. increased its stake in Rush Street Interactive by 57.2% in the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company's stock valued at $103,000 after purchasing an additional 1,830 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Rush Street Interactive during the third quarter worth $105,000. Finally, US Bancorp DE acquired a new position in Rush Street Interactive during the third quarter worth $115,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Performance

RSI stock opened at $22.76 on Friday. The stock's 50 day moving average price is $19.26 and its 200 day moving average price is $19.08. The firm has a market cap of $5.29 billion, a P/E ratio of 81.28 and a beta of 1.45. Rush Street Interactive, Inc. has a 1 year low of $9.66 and a 1 year high of $22.80.

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

Analysts Set New Price Targets

RSI has been the topic of several research reports. Freedom Capital raised Rush Street Interactive to a "strong-buy" rating in a report on Wednesday, March 11th. Jefferies Financial Group reaffirmed a "buy" rating and set a $29.00 price target on shares of Rush Street Interactive in a research note on Sunday, January 25th. Citigroup upgraded shares of Rush Street Interactive to an "outperform" rating in a research report on Wednesday, February 18th. Craig Hallum reissued a "buy" rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Finally, Zacks Research downgraded shares of Rush Street Interactive from a "strong-buy" rating to a "hold" rating in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.22.

Insider Activity

In other Rush Street Interactive news, insider Paul Wierbicki sold 15,000 shares of the company's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $21.05, for a total value of $315,750.00. Following the transaction, the insider directly owned 168,256 shares in the company, valued at approximately $3,541,788.80. This represents a 8.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kyle Sauers sold 23,000 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $19.46, for a total transaction of $447,580.00. Following the sale, the chief financial officer directly owned 640,306 shares in the company, valued at $12,460,354.76. This 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 1,408,225 shares of company stock worth $26,706,765 in the last quarter. Corporate insiders own 56.94% of the company's stock.

Rush Street Interactive 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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