SG Americas Securities LLC Has $5.19 Million Holdings in Rush Street Interactive, Inc. $RSI

Key Points

• SG Americas Securities LLC increased its stake in Rush Street Interactive by 442% in Q4, buying an additional 218,008 shares to hold 267,334 shares valued at about $5.19 million (0.12% of the company).
• Insiders have been active sellers recently — including a director and the CFO — with 1,407,743 shares sold over the last 90 days (~$26.37 million), although insiders still control 56.94% of the stock.
• Rush Street reported revenue of $324.9 million (up 27.8% YoY) but missed EPS estimates ($0.08 vs. $0.10); analysts rate the stock a "Moderate Buy" with a consensus price target of $23.22 and some firms raising targets (Oppenheimer to $25).

SG Americas Securities LLC grew its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 442.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 267,334 shares of the company's stock after acquiring an additional 218,008 shares during the period. SG Americas Securities LLC owned 0.12% of Rush Street Interactive worth $5,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Man Group plc increased its holdings in shares of Rush Street Interactive by 0.7% in the second quarter. Man Group plc now owns 89,535 shares of the company's stock valued at $1,334,000 after purchasing an additional 654 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Rush Street Interactive by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company's stock worth $398,000 after buying an additional 752 shares in the last quarter. New York State Teachers Retirement System boosted its position in Rush Street Interactive by 15.6% in the 3rd quarter. New York State Teachers Retirement System now owns 8,022 shares of the company's stock valued at $164,000 after buying an additional 1,084 shares during the last quarter. Cerity Partners LLC boosted its position in Rush Street Interactive by 5.3% in the 2nd quarter. Cerity Partners LLC now owns 23,067 shares of the company's stock valued at $344,000 after buying an additional 1,167 shares during the last quarter. Finally, Diversified Trust Co increased its stake in shares of Rush Street Interactive by 5.8% in the 3rd quarter. Diversified Trust Co now owns 27,049 shares of the company's stock valued at $554,000 after buying an additional 1,474 shares during the period. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Stock Up 1.2%

NYSE:RSI opened at $22.00 on Thursday. Rush Street Interactive, Inc. has a 12-month low of $9.66 and a 12-month high of $22.65. The firm has a market capitalization of $5.11 billion, a P/E ratio of 78.58 and a beta of 1.45. The stock's fifty day simple moving average is $19.16 and its 200-day simple moving average is $19.05.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 EPS 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 quarter in the prior year, the company posted $0.07 EPS. The company's revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities research analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Insider Activity

In other Rush Street Interactive news, Director Daniel W. Yih sold 50,000 shares of the company's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $20.14, for a total value of $1,007,000.00. Following the completion of the sale, the director owned 131,678 shares of the company's stock, valued at approximately $2,651,994.92. This represents a 27.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $19.46, for a total transaction of $447,580.00. Following the completion of the sale, the chief financial officer owned 640,306 shares in the company, valued at approximately $12,460,354.76. This trade represents a 3.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,407,743 shares of company stock valued at $26,371,042. Insiders own 56.94% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on RSI shares. Wall Street Zen downgraded Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 21st. Susquehanna set a $22.00 price objective on Rush Street Interactive in a research report on Wednesday, January 21st. Citigroup raised Rush Street Interactive to an "outperform" rating in a report on Wednesday, February 18th. Craig Hallum restated a "buy" rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Finally, Oppenheimer lifted their price target on shares of Rush Street Interactive from $24.00 to $25.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Rush Street Interactive currently has an average rating of "Moderate Buy" and a consensus price target of $23.22.

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.

Want to see what other hedge funds are holding RSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rush Street Interactive, Inc. (NYSE:RSI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.