JPMorgan Chase & Co. Grows Stock Holdings in Rush Street Interactive, Inc. $RSI

JPMorgan Chase & Co. raised its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 57.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 213,943 shares of the company’s stock after acquiring an additional 77,698 shares during the period. JPMorgan Chase & Co.’s holdings in Rush Street Interactive were worth $4,382,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RSI. Concord Wealth Partners acquired a new stake in shares of Rush Street Interactive during the third quarter worth $41,000. Osaic Holdings Inc. increased its stake in Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares during the last quarter. Pacer Advisors Inc. lifted its position in Rush Street Interactive by 57.2% during the third quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock worth $103,000 after buying an additional 1,830 shares during the period. State of Alaska Department of Revenue purchased a new position in Rush Street Interactive during the third quarter worth about $105,000. Finally, US Bancorp DE acquired a new stake in Rush Street Interactive in the 3rd quarter worth about $115,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Insiders Place Their Bets

In other news, COO Mattias Stetz sold 20,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $22.07, for a total value of $441,400.00. Following the completion of the sale, the chief operating officer owned 237,874 shares in the company, valued at approximately $5,249,879.18. This trade represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 90,482 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.04, for a total value of $1,994,223.28. Following the sale, the chief executive officer owned 435,801 shares in the company, valued at approximately $9,605,054.04. The trade was a 17.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,408,225 shares of company stock valued at $26,706,765. Company insiders own 56.94% of the company’s stock.

Rush Street Interactive Trading Up 3.7%

NYSE:RSI opened at $22.76 on Friday. The firm’s fifty day simple moving average is $19.26 and its 200 day simple moving average is $19.08. Rush Street Interactive, Inc. has a twelve month low of $9.66 and a twelve month high of $22.80. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 81.28 and a beta of 1.45.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results 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). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The company had revenue of $324.89 million during the quarter, compared to analyst estimates of $305.08 million. During the same quarter in the prior year, the company posted $0.07 earnings per share. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on RSI. Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. Oppenheimer boosted their target price on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Wells Fargo & Company assumed coverage on shares of Rush Street Interactive in a research report on Thursday, March 26th. They set an “overweight” rating and a $26.00 price target for the company. 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, ten have given a Buy rating and three have given 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 $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.