AQR Capital Management LLC Sells 48,930 Shares of Rush Street Interactive, Inc. $RSI

AQR Capital Management LLC trimmed its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 7.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 598,873 shares of the company’s stock after selling 48,930 shares during the period. AQR Capital Management LLC owned approximately 0.26% of Rush Street Interactive worth $6,420,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in shares of Rush Street Interactive by 94.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock worth $27,000 after buying an additional 1,232 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Rush Street Interactive during the 1st quarter worth approximately $33,000. Heck Capital Advisors LLC bought a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $34,000. GAMMA Investing LLC boosted its holdings in shares of Rush Street Interactive by 1,687.6% during the 1st quarter. GAMMA Investing LLC now owns 6,507 shares of the company’s stock worth $70,000 after buying an additional 6,143 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $95,000. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive Trading Down 1.7%

Shares of NYSE:RSI opened at $21.20 on Friday. The stock’s fifty day simple moving average is $18.49 and its two-hundred day simple moving average is $14.32. Rush Street Interactive, Inc. has a 1-year low of $9.54 and a 1-year high of $22.55. The stock has a market cap of $4.84 billion, a PE ratio of 106.00 and a beta of 1.90.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Rush Street Interactive had a return on equity of 16.53% and a net margin of 2.48%.The business had revenue of $269.22 million for the quarter, compared to analysts’ expectations of $248.98 million. During the same period last year, the business earned $0.04 EPS. The business’s revenue was up 22.2% on a year-over-year basis. Rush Street Interactive has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 193,905 shares of the firm’s stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $15.39, for a total transaction of $2,984,197.95. Following the transaction, the chief executive officer directly owned 1,017,471 shares in the company, valued at approximately $15,658,878.69. This trade represents a 16.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith Gold sold 100,000 shares of the firm’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $19.61, for a total value of $1,961,000.00. Following the transaction, the director owned 111,629 shares in the company, valued at approximately $2,189,044.69. This trade represents a 47.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,650,067 shares of company stock worth $44,110,755. Corporate insiders own 56.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RSI. Oppenheimer increased their price target on Rush Street Interactive from $16.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Zacks Research upgraded Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Monday, August 25th. JPMorgan Chase & Co. started coverage on Rush Street Interactive in a report on Monday, June 23rd. They issued a “neutral” rating and a $14.00 target price on the stock. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Benchmark increased their target price on Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and an average target price of $18.33.

Rush Street Interactive Company Profile

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.