Exchange Traded Concepts LLC Reduces Position in Rush Street Interactive, Inc. $RSI

Exchange Traded Concepts LLC trimmed its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 32.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 164,712 shares of the company’s stock after selling 80,513 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.07% of Rush Street Interactive worth $3,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC increased its position in Rush Street Interactive by 442.0% during the 4th quarter. SG Americas Securities LLC now owns 267,334 shares of the company’s stock worth $5,194,000 after purchasing an additional 218,008 shares in the last quarter. Diversified Trust Co. boosted its stake in shares of Rush Street Interactive by 6.7% during the 4th quarter. Diversified Trust Co. now owns 28,864 shares of the company’s stock worth $561,000 after purchasing an additional 1,815 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Rush Street Interactive by 29.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,164 shares of the company’s stock worth $489,000 after buying an additional 5,742 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Rush Street Interactive by 57.0% during the third quarter. JPMorgan Chase & Co. now owns 213,943 shares of the company’s stock worth $4,382,000 after buying an additional 77,698 shares in the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of Rush Street Interactive by 72.7% in the third quarter. Tudor Investment Corp ET AL now owns 1,000,911 shares of the company’s stock valued at $20,499,000 after buying an additional 421,234 shares during the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Up 5.4%

NYSE:RSI opened at $21.81 on Wednesday. The company has a market cap of $5.07 billion, a P/E ratio of 77.89 and a beta of 1.54. The firm’s 50 day moving average is $19.09 and its two-hundred day moving average is $19.03. 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 announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $324.89 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. Research analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, Director Daniel W. Yih sold 50,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $20.14, for a total transaction of $1,007,000.00. Following the completion of the sale, the director directly owned 131,678 shares in the company, valued at $2,651,994.92. This represents a 27.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $19.46, for a total value of $447,580.00. Following the completion of the transaction, the chief financial officer owned 640,306 shares in the company, valued at approximately $12,460,354.76. This trade represents a 3.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,407,743 shares of company stock worth $26,371,042 in the last three months. 56.89% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RSI. Wall Street Zen lowered shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Citizens Jmp raised Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a research note on Wednesday, February 18th. Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Craig Hallum reiterated a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.22.

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.