Assenagon Asset Management S.A. Increases Holdings in Rush Street Interactive, Inc. $RSI

Assenagon Asset Management S.A. boosted its position in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 52.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 858,182 shares of the company’s stock after purchasing an additional 296,916 shares during the quarter. Assenagon Asset Management S.A. owned about 0.38% of Rush Street Interactive worth $17,576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. City Center Advisors LLC bought a new position in shares of Rush Street Interactive during the 3rd quarter worth $350,000. Osaic Holdings Inc. lifted its stake in Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after acquiring an additional 1,868 shares during the period. State of Wyoming bought a new position in Rush Street Interactive during the 2nd quarter worth about $212,000. Nomura Holdings Inc. purchased a new position in Rush Street Interactive during the 2nd quarter valued at about $474,000. Finally, Caxton Associates LLP raised its holdings in shares of Rush Street Interactive by 77.8% in the 2nd quarter. Caxton Associates LLP now owns 121,202 shares of the company’s stock valued at $1,806,000 after purchasing an additional 53,048 shares in the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Rush Street Interactive news, COO Mattias Stetz sold 30,000 shares of Rush Street Interactive stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $18.51, for a total transaction of $555,300.00. Following the completion of the sale, the chief operating officer owned 164,806 shares of the company’s stock, valued at approximately $3,050,559.06. The trade was a 15.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Einar Roosileht sold 70,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $19.96, for a total value of $1,397,200.00. Following the sale, the insider owned 876,150 shares in the company, valued at approximately $17,487,954. The trade was a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 756,753 shares of company stock worth $13,968,614 in the last three months. Corporate insiders own 56.94% of the company’s stock.

Rush Street Interactive Price Performance

Rush Street Interactive stock opened at $19.44 on Friday. Rush Street Interactive, Inc. has a 1-year low of $9.54 and a 1-year high of $22.65. The business has a fifty day moving average price of $18.26 and a 200-day moving average price of $17.94. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 77.76 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The company had revenue of $277.91 million during the quarter, compared to analysts’ expectations of $264.60 million. During the same period last year, the business posted $0.05 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. On average, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RSI. Needham & Company LLC lifted their price objective on shares of Rush Street Interactive from $21.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Zacks Research raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price target on Rush Street Interactive from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, October 16th. Craig Hallum reissued a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Finally, Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and an average price target of $21.25.

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.