Emerald Advisers LLC Sells 32,549 Shares of Rush Street Interactive, Inc. $RSI

Emerald Advisers LLC decreased its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 2.0% during the first quarter, HoldingsChannel.com reports. The fund owned 1,573,500 shares of the company’s stock after selling 32,549 shares during the period. Rush Street Interactive makes up 1.1% of Emerald Advisers LLC’s holdings, making the stock its 27th largest position. Emerald Advisers LLC’s holdings in Rush Street Interactive were worth $34,224,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. New York State Teachers Retirement System lifted its holdings in Rush Street Interactive by 5.2% in the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock worth $184,000 after purchasing an additional 419 shares during the last quarter. Man Group plc grew its holdings in Rush Street Interactive by 0.7% during the second quarter. Man Group plc now owns 89,535 shares of the company’s stock valued at $1,334,000 after purchasing an additional 654 shares during the last quarter. Cerity Partners LLC raised its position in shares of Rush Street Interactive by 4.6% in the fourth quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock valued at $460,000 after purchasing an additional 1,042 shares during the period. ProShare Advisors LLC raised its position in shares of Rush Street Interactive by 10.3% in the fourth quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock valued at $325,000 after purchasing an additional 1,561 shares during the period. Finally, Diversified Trust Co. lifted its stake in shares of Rush Street Interactive by 6.7% in the fourth quarter. Diversified Trust Co. now owns 28,864 shares of the company’s stock worth $561,000 after buying an additional 1,815 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Trading Up 2.8%

RSI opened at $34.33 on Tuesday. The business has a 50 day moving average of $28.79 and a 200-day moving average of $23.17. The stock has a market capitalization of $7.99 billion, a price-to-earnings ratio of 110.74 and a beta of 1.56. Rush Street Interactive, Inc. has a 1-year low of $14.38 and a 1-year high of $34.38.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 earnings per share. Equities analysts predict that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of research analyst reports. Benchmark raised their target price on shares of Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Oppenheimer upped their price target on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Citizens Jmp raised their price target on Rush Street Interactive from $30.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th. Finally, Needham & Company LLC lifted their price objective on Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.62.

Insider Activity at Rush Street Interactive

In other news, insider Paul Wierbicki sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $30.12, for a total transaction of $301,200.00. Following the completion of the transaction, the insider owned 93,256 shares of the company’s stock, valued at approximately $2,808,870.72. This represents a 9.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 47,222 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $31.21, for a total transaction of $1,473,798.62. Following the completion of the sale, the chief executive officer owned 374,036 shares of the company’s stock, valued at approximately $11,673,663.56. The trade was a 11.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 3,162,379 shares of company stock valued at $81,133,020. Company insiders own 52.89% of the company’s stock.

Rush Street Interactive 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.