24,201 Shares in Rush Street Interactive, Inc. $RSI Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC acquired a new stake in Rush Street Interactive, Inc. (NYSE:RSI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 24,201 shares of the company’s stock, valued at approximately $361,000.

A number of other hedge funds also recently made changes to their positions in the business. Pacer Advisors Inc. grew its holdings in shares of Rush Street Interactive by 94.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock worth $27,000 after purchasing an additional 1,232 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of Rush Street Interactive in the 2nd quarter valued at about $42,000. Summit Securities Group LLC bought a new position in Rush Street Interactive during the 1st quarter worth approximately $33,000. Pallas Capital Advisors LLC bought a new position in Rush Street Interactive during the 2nd quarter worth approximately $208,000. Finally, Highland Capital Management LLC bought a new position in Rush Street Interactive during the 1st quarter worth approximately $169,000. 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 firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $18.95, for a total value of $1,326,500.00. Following the completion of the transaction, the insider owned 876,150 shares in the company, valued at $16,603,042.50. This trade represents a 7.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Masi Niccolo De sold 446,094 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $18.35, for a total value of $8,185,824.90. Following the completion of the transaction, 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 have sold 1,477,847 shares of company stock worth $28,465,288 in the last 90 days. 56.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

RSI has been the topic of several research analyst reports. Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Oppenheimer lifted their price objective on shares of Rush Street Interactive from $16.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Benchmark boosted their price target on Rush Street Interactive from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Monday, September 8th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Rush Street Interactive in a research note on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.78.

Rush Street Interactive Trading Up 1.0%

NYSE RSI opened at $19.23 on Friday. The firm has a market capitalization of $4.39 billion, a P/E ratio of 96.13 and a beta of 1.87. The business has a fifty day simple moving average of $20.49 and a 200 day simple moving average of $16.25. Rush Street Interactive, Inc. has a 12 month low of $9.54 and a 12 month high of $22.65.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, July 30th. The company reported $0.11 earnings per share (EPS) 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 firm had revenue of $269.22 million during the quarter, compared to analyst estimates of $248.98 million. During the same period last year, the firm posted $0.04 EPS. The business’s revenue was up 22.2% compared to the same quarter last year. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal 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.