IFP Advisors Inc Sells 45,607 Shares of Rush Street Interactive, Inc. $RSI

IFP Advisors Inc cut its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 45.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,386 shares of the company’s stock after selling 45,607 shares during the quarter. IFP Advisors Inc’s holdings in Rush Street Interactive were worth $1,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Rush Street Interactive by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 8,822,279 shares of the company’s stock worth $180,680,000 after acquiring an additional 107,671 shares during the last quarter. Alliancebernstein L.P. increased its position in Rush Street Interactive by 1.3% in the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after acquiring an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after acquiring an additional 2,496,109 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Rush Street Interactive by 2.7% in the third quarter. Marshall Wace LLP now owns 2,436,811 shares of the company’s stock worth $49,906,000 after acquiring an additional 64,140 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Rush Street Interactive by 14.0% during the second quarter. Geode Capital Management LLC now owns 2,187,204 shares of the company’s stock worth $32,593,000 after purchasing an additional 268,295 shares in the last quarter. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Price Performance

Rush Street Interactive stock opened at $20.66 on Monday. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 73.77 and a beta of 1.54. The company’s 50 day simple moving average is $18.75 and its 200 day simple moving average is $19.01. Rush Street Interactive, Inc. has a fifty-two week low of $9.66 and a fifty-two week high of $22.65.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on RSI. Craig Hallum reissued a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Citizens Jmp raised Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 18th. Oppenheimer increased their price objective on Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Finally, Needham & Company LLC boosted their target price on Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.88.

Insiders Place Their Bets

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 247,113 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $19.83, for a total value of $4,900,250.79. Following the completion of the sale, the chief executive officer directly owned 454,821 shares in the company, valued at $9,019,100.43. This represents a 35.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director directly owned 131,678 shares in the company, valued at approximately $2,651,994.92. This represents a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,372,743 shares of company stock worth $25,614,892. 56.89% of the stock is owned by corporate insiders.

Rush Street Interactive 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.