Strs Ohio Buys Shares of 54,900 Rush Street Interactive, Inc. $RSI

Strs Ohio acquired a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,900 shares of the company’s stock, valued at approximately $589,000.

Several other large investors also recently modified their holdings of the stock. Alliancebernstein L.P. boosted its position in Rush Street Interactive by 1,617.7% in the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company’s stock valued at $65,754,000 after buying an additional 5,776,660 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Rush Street Interactive in the 1st quarter valued at about $29,005,000. Topline Capital Management LLC raised its stake in shares of Rush Street Interactive by 30.7% in the 1st quarter. Topline Capital Management LLC now owns 2,366,875 shares of the company’s stock valued at $25,373,000 after purchasing an additional 555,552 shares during the period. Jupiter Asset Management Ltd. raised its stake in shares of Rush Street Interactive by 57.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,395,868 shares of the company’s stock valued at $14,964,000 after purchasing an additional 510,955 shares during the period. Finally, Penn Capital Management Company LLC acquired a new stake in shares of Rush Street Interactive in the first quarter valued at about $5,360,000. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive Trading Up 1.5%

RSI opened at $22.02 on Friday. Rush Street Interactive, Inc. has a 1-year low of $9.54 and a 1-year high of $22.55. The company has a market capitalization of $5.03 billion, a PE ratio of 110.10 and a beta of 1.90. The firm’s 50 day simple moving average is $19.11 and its two-hundred day simple moving average is $14.67.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $269.22 million for 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%. Rush Street Interactive’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. Equities analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Einar Roosileht sold 70,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $18.95, for a total value of $1,326,500.00. Following the completion of the sale, the insider owned 876,150 shares of the company’s stock, valued at approximately $16,603,042.50. This represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Masi Niccolo De sold 446,094 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $18.35, for a total value of $8,185,824.90. Following the sale, the director owned 15,203 shares of the company’s stock, valued at approximately $278,975.05. This represents a 96.70% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,928,903 shares of company stock valued at $34,066,543 in the last quarter. 56.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Benchmark lifted their target price on Rush Street Interactive from $20.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Jefferies Financial Group boosted their price objective on Rush Street Interactive from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, July 3rd. Needham & Company LLC boosted their price objective on Rush Street Interactive from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Zacks Research upgraded Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. One equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.33.

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.