Rush Street Interactive, Inc. $RSI Shares Purchased by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust increased its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 11.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 825,244 shares of the company’s stock after purchasing an additional 82,055 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.36% of Rush Street Interactive worth $16,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RSI. Allspring Global Investments Holdings LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter valued at about $361,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Rush Street Interactive by 38.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock worth $21,509,000 after buying an additional 398,089 shares during the last quarter. Emerald Advisers LLC grew its holdings in Rush Street Interactive by 12.6% during the third quarter. Emerald Advisers LLC now owns 1,341,739 shares of the company’s stock worth $27,479,000 after acquiring an additional 149,918 shares during the period. Caxton Associates LLP raised its position in Rush Street Interactive by 77.8% during the second quarter. Caxton Associates LLP now owns 121,202 shares of the company’s stock valued at $1,806,000 after acquiring an additional 53,048 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in 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 acquiring an additional 121,992 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RSI has been the subject of several recent research reports. Wall Street Zen raised shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. Oppenheimer restated an “outperform” rating and set a $24.00 price target on shares of Rush Street Interactive in a research report on Thursday, October 30th. Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Susquehanna set a $22.00 target price on shares of Rush Street Interactive in a research note on Wednesday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.13.

Insider Activity

In other Rush Street Interactive news, CFO Kyle Sauers sold 160,067 shares of the firm’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.07, for a total value of $3,052,477.69. Following the transaction, the chief financial officer owned 663,306 shares in the company, valued at approximately $12,649,245.42. This trade represents a 19.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Mattias Stetz sold 90,000 shares of Rush Street Interactive stock in a transaction 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 SEC filing for this sale provides additional information. Insiders have sold a total of 876,212 shares of company stock worth $16,241,748 over the last quarter. 56.94% of the stock is currently owned by corporate insiders.

Rush Street Interactive Stock Down 3.8%

RSI opened at $17.78 on Friday. The firm’s fifty day simple moving average is $18.78 and its two-hundred day simple moving average is $18.81. Rush Street Interactive, Inc. has a 52-week low of $9.54 and a 52-week high of $22.65. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 71.11 and a beta of 1.57.

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

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.