Penn Capital Management Company LLC Sells 147,650 Shares of Rush Street Interactive, Inc. $RSI

Penn Capital Management Company LLC decreased its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 19.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 595,281 shares of the company’s stock after selling 147,650 shares during the quarter. Penn Capital Management Company LLC’s holdings in Rush Street Interactive were worth $17,722,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rush Street Interactive by 4.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 140,431 shares of the company’s stock worth $4,176,000 after acquiring an additional 5,968 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Rush Street Interactive by 212.6% in the 2nd quarter. Hsbc Holdings PLC now owns 310,800 shares of the company’s stock valued at $9,616,000 after purchasing an additional 211,378 shares in the last quarter. Wellington Management Group LLP acquired a new stake in shares of Rush Street Interactive in the 2nd quarter valued at $4,082,000. Jefferies Financial Group Inc. bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth about $8,638,000. Finally, Corient Private Wealth LP bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth about $1,967,000. 24.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RSI. New Street Research set a $35.00 price target on shares of Rush Street Interactive in a report on Thursday, July 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. Wells Fargo & Company raised their price objective on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Citizens Jmp lifted their target price on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research note on Thursday, July 30th. Finally, Susquehanna boosted their target price on Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $35.22.

Insider Transactions at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 111,112 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $25.58, for a total transaction of $2,842,244.96. Following the transaction, the chief executive officer directly owned 421,258 shares in the company, valued at approximately $10,775,779.64. This represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total transaction of $624,400.00. Following the sale, the chief operating officer directly owned 197,874 shares in the company, valued at $6,177,626.28. This trade represents a 9.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 614,002 shares of company stock worth $17,350,367. Corporate insiders own 52.89% of the company’s stock.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI opened at $26.40 on Friday. The business has a fifty day moving average of $29.21 and a 200-day moving average of $25.40. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53. The firm has a market cap of $6.12 billion, a PE ratio of 91.04 and a beta of 1.59.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. During the same quarter in the prior year, the company earned $0.11 EPS. The firm’s quarterly revenue was up 46.3% on a year-over-year basis. On average, analysts anticipate that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

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.