Emerald Advisers LLC Grows Position in Rush Street Interactive, Inc. $RSI

Emerald Advisers LLC lifted its position in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 12.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,341,739 shares of the company’s stock after purchasing an additional 149,918 shares during the quarter. Emerald Advisers LLC owned about 0.59% of Rush Street Interactive worth $27,479,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RSI. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Rush Street Interactive during the third quarter valued at $4,232,000. Huntleigh Advisors Inc. grew its position in shares of Rush Street Interactive by 4.1% in the 3rd quarter. Huntleigh Advisors Inc. now owns 141,340 shares of the company’s stock worth $2,895,000 after buying an additional 5,595 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Rush Street Interactive by 4.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock worth $398,000 after acquiring an additional 752 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new position in Rush Street Interactive during the 3rd quarter valued at about $551,000. Finally, New York State Teachers Retirement System lifted its position in Rush Street Interactive by 15.6% during the 3rd quarter. New York State Teachers Retirement System now owns 8,022 shares of the company’s stock valued at $164,000 after acquiring an additional 1,084 shares during the period. 24.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RSI. Zacks Research cut shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Craig Hallum reissued a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Needham & Company LLC upped their price target on Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective 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. Finally, Oppenheimer reissued an “outperform” rating and issued a $24.00 target price on shares of Rush Street Interactive in a report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.13.

Rush Street Interactive Price Performance

RSI stock opened at $18.55 on Thursday. The stock has a market capitalization of $4.25 billion, a P/E ratio of 74.18 and a beta of 1.57. 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 $18.77 and a 200-day moving average price of $18.82.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $264.60 million. During the same period last year, the company earned $0.05 EPS. Rush Street Interactive’s revenue for the quarter was up 19.7% on a year-over-year basis. As a group, analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Insider Activity

In other Rush Street Interactive news, COO Mattias Stetz sold 90,000 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $19.09, for a total transaction of $1,718,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Todd Schwartz sold 134,148 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $18.37, for a total value of $2,464,298.76. Following the transaction, the chief executive officer directly owned 514,578 shares in the company, valued at $9,452,797.86. The trade was a 20.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 876,212 shares of company stock valued at $16,241,748 over the last three months. Insiders own 56.94% of the company’s stock.

About Rush Street Interactive

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.