Rush Street Interactive, Inc. $RSI Shares Sold by Penn Capital Management Company LLC

Penn Capital Management Company LLC trimmed its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 30.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 764,694 shares of the company’s stock after selling 327,496 shares during the period. Penn Capital Management Company LLC owned about 0.33% of Rush Street Interactive worth $15,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Rush Street Interactive by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after purchasing an additional 1,893 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Rush Street Interactive by 18.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after acquiring an additional 109,366 shares in the last quarter. ProShare Advisors LLC raised its stake in Rush Street Interactive by 10.6% in the 2nd quarter. ProShare Advisors LLC now owns 18,202 shares of the company’s stock valued at $271,000 after purchasing an additional 1,745 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Rush Street Interactive by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,187,204 shares of the company’s stock valued at $32,593,000 after purchasing an additional 268,295 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Rush Street Interactive by 30.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,920 shares of the company’s stock worth $297,000 after purchasing an additional 4,635 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Insider Buying and Selling at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 247,113 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $19.83, for a total value of $4,900,250.79. Following the transaction, the chief executive officer owned 454,821 shares of the company’s stock, valued at approximately $9,019,100.43. This trade represents a 35.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $19.46, for a total transaction of $447,580.00. Following the sale, the chief financial officer directly owned 640,306 shares of the company’s stock, 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 1,372,743 shares of company stock worth $25,614,892 in the last quarter. Company insiders own 56.89% of the company’s stock.

Rush Street Interactive Stock Up 1.7%

RSI stock opened at $20.53 on Wednesday. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 73.32 and a beta of 1.54. The business has a fifty day simple moving average of $18.64 and a 200-day simple moving average of $19.03. Rush Street Interactive, Inc. has a 52 week low of $9.66 and a 52 week high of $22.65.

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

Wall Street Analyst Weigh In

RSI has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a research report on Monday, December 29th. Needham & Company LLC increased their price target on Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Craig Hallum reaffirmed a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Citizens Jmp upgraded Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a research report on Wednesday, February 18th. Finally, Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $22.88.

About Rush Street Interactive

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.