Algert Global LLC Sells 115,523 Shares of Rush Street Interactive, Inc. $RSI

Algert Global LLC decreased its position in Rush Street Interactive, Inc. (NYSE:RSI) by 20.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 445,213 shares of the company’s stock after selling 115,523 shares during the period. Algert Global LLC owned 0.19% of Rush Street Interactive worth $9,118,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Concord Wealth Partners purchased a new position in shares of Rush Street Interactive in the 3rd quarter worth approximately $41,000. Osaic Holdings Inc. boosted its holdings in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares during the last quarter. Lazard Asset Management LLC bought a new position in Rush Street Interactive during the second quarter valued at about $90,000. Pacer Advisors Inc. increased its holdings in Rush Street Interactive by 57.2% during the third quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock worth $103,000 after buying an additional 1,830 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Rush Street Interactive during the third quarter worth about $105,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Down 0.4%

NYSE RSI opened at $20.18 on Tuesday. The firm has a market cap of $4.69 billion, a P/E ratio of 72.05 and a beta of 1.54. The company’s 50 day moving average is $18.62 and its 200-day moving average is $19.05. Rush Street Interactive, Inc. has a 12-month low of $9.66 and a 12-month high of $22.65.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. Equities analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Rush Street Interactive news, Director Daniel W. Yih sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $20.14, for a total value of $1,007,000.00. Following the completion of the transaction, the director owned 131,678 shares in the company, valued at $2,651,994.92. This trade represents a 27.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $16.82, for a total value of $4,156,457.48. Following the transaction, the chief executive officer directly owned 701,934 shares of the company’s stock, valued at $11,806,529.88. The trade was a 26.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,372,743 shares of company stock valued at $25,614,892 over the last three months. Insiders own 56.89% of the company’s stock.

Wall Street Analyst Weigh In

RSI has been the subject of a number of research reports. Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. Zacks Research lowered 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 report on Tuesday, December 9th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $29.00 target price on shares of Rush Street Interactive in a research report on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.88.

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.