Bayforest Capital Ltd Acquires Shares of 32,822 Rush Street Interactive, Inc. $RSI

Bayforest Capital Ltd purchased a new position in Rush Street Interactive, Inc. (NYSE:RSI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,822 shares of the company’s stock, valued at approximately $672,000.

Other hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Rush Street Interactive in the second quarter worth approximately $361,000. Arrowstreet Capital Limited Partnership boosted its stake in Rush Street Interactive by 38.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock worth $21,509,000 after purchasing an additional 398,089 shares during the last quarter. Strs Ohio purchased a new stake in shares of Rush Street Interactive during the first quarter worth $589,000. Caxton Associates LLP grew its holdings in shares of Rush Street Interactive by 77.8% during the second quarter. Caxton Associates LLP now owns 121,202 shares of the company’s stock worth $1,806,000 after buying an additional 53,048 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Rush Street Interactive by 4.8% in the second quarter. William Blair Investment Management LLC now owns 2,675,601 shares of the company’s stock valued at $39,866,000 after buying an additional 121,992 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Insider Activity

In other Rush Street Interactive news, COO Mattias Stetz sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $19.09, for a total transaction of $1,718,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kyle Sauers sold 160,067 shares of Rush Street Interactive stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total value of $3,052,477.69. Following the completion of the transaction, the chief financial officer owned 663,306 shares in the company, valued at $12,649,245.42. This trade represents a 19.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 876,212 shares of company stock valued at $16,241,748 in the last ninety days. 56.94% of the stock is currently owned by company insiders.

Rush Street Interactive Trading Up 0.3%

Shares of RSI opened at $19.24 on Friday. Rush Street Interactive, Inc. has a twelve month low of $9.54 and a twelve month high of $22.65. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 76.94 and a beta of 1.57. The firm’s fifty day simple moving average is $18.45 and its 200-day simple moving average is $18.57.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RSI. Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen upgraded Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. Oppenheimer reissued an “outperform” rating and set a $24.00 target price on shares of Rush Street Interactive in a research note on Thursday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on Rush Street Interactive from $16.00 to $18.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.