Rush Street Interactive, Inc. $RSI Shares Sold by Nicholas Investment Partners LP

Nicholas Investment Partners LP reduced its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 57.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 580,176 shares of the company’s stock after selling 796,325 shares during the period. Nicholas Investment Partners LP’s holdings in Rush Street Interactive were worth $11,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $484,000 after buying an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Rush Street Interactive by 18.8% during the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after buying an additional 109,366 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Rush Street Interactive during the second quarter valued at approximately $166,000. Invesco Ltd. raised its holdings in shares of Rush Street Interactive by 377.1% during the second quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after buying an additional 215,538 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Rush Street Interactive during the second quarter valued at approximately $3,766,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RSI has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price target on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Freedom Capital raised Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. Oppenheimer lifted their price target on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Benchmark lifted their price target on Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group lifted their price target on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One research 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 company’s stock. According to data from MarketBeat, Rush Street Interactive currently has an average rating of “Moderate Buy” and an average price target of $29.25.

Insider Transactions at Rush Street Interactive

In related news, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total transaction of $585,120.00. Following the sale, the chief financial officer owned 631,258 shares of the company’s stock, valued at $16,059,203.52. The trade was a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total value of $34,223,904.00. The disclosure for this sale is available in the SEC filing. Insiders sold 3,136,241 shares of company stock worth $78,637,133 in the last three months. 52.89% of the stock is currently owned by company insiders.

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $29.55 on Friday. Rush Street Interactive, Inc. has a 12 month low of $13.20 and a 12 month high of $29.80. The stock has a market cap of $6.88 billion, a price-to-earnings ratio of 95.32 and a beta of 1.58. The stock’s 50 day moving average price is $25.53 and its 200 day moving average price is $21.35.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million for the quarter, compared to analysts’ expectations of $330.83 million. During the same quarter in the previous year, the company earned $0.09 earnings per share. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. On average, sell-side analysts expect that Rush Street Interactive, Inc. will post 0.47 EPS for the current 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.