Intech Investment Management LLC Acquires 16,184 Shares of Rush Street Interactive, Inc. $RSI

Intech Investment Management LLC boosted its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 37.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,398 shares of the company’s stock after purchasing an additional 16,184 shares during the period. Intech Investment Management LLC’s holdings in Rush Street Interactive were worth $885,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in shares of Rush Street Interactive by 1,617.7% during the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company’s stock worth $65,754,000 after buying an additional 5,776,660 shares during the period. Nuveen LLC bought a new position in shares of Rush Street Interactive during the first quarter valued at $29,005,000. Topline Capital Management LLC lifted its holdings in shares of Rush Street Interactive by 30.7% during the first quarter. Topline Capital Management LLC now owns 2,366,875 shares of the company’s stock valued at $25,373,000 after acquiring an additional 555,552 shares during the period. Jupiter Asset Management Ltd. boosted its stake in shares of Rush Street Interactive by 57.7% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,395,868 shares of the company’s stock valued at $14,964,000 after purchasing an additional 510,955 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new stake in shares of Rush Street Interactive in the 1st quarter worth about $5,360,000. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive Price Performance

RSI stock opened at $18.12 on Wednesday. The company has a 50 day moving average price of $18.83 and a 200 day moving average price of $17.18. Rush Street Interactive, Inc. has a fifty-two week low of $9.54 and a fifty-two week high of $22.65. The stock has a market capitalization of $4.16 billion, a PE ratio of 72.49 and a beta of 1.86.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $277.91 million during the quarter, compared to analysts’ expectations of $264.60 million. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $0.05 EPS. Rush Street Interactive has set its FY 2025 guidance at EPS. As a group, equities analysts expect 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 news, COO Mattias Stetz sold 30,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $17.09, for a total transaction of $512,700.00. Following the completion of the sale, the chief operating officer owned 194,806 shares in the company, valued at $3,329,234.54. The trade was a 13.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Einar Roosileht sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $19.96, for a total transaction of $1,397,200.00. Following the sale, the insider directly owned 876,150 shares of the company’s stock, valued at approximately $17,487,954. This trade represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 826,753 shares of company stock valued at $16,018,954 in the last three months. Company insiders own 56.89% of the company’s stock.

Analysts Set New Price Targets

RSI has been the subject of several analyst reports. Wall Street Zen raised shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Zacks Research raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised their price target on Rush Street Interactive from $26.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $24.00 price objective on shares of Rush Street Interactive in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Rush Street Interactive has a consensus rating of “Moderate Buy” and a consensus price target of $20.75.

Rush Street Interactive Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.