Y Intercept Hong Kong Ltd Has $1.95 Million Holdings in Rush Street Interactive, Inc. $RSI

Y Intercept Hong Kong Ltd lifted its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 32.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 89,487 shares of the company’s stock after acquiring an additional 22,163 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Rush Street Interactive were worth $1,946,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RSI. Kemnay Advisory Services Inc. bought a new position in shares of Rush Street Interactive in the 4th quarter valued at approximately $47,000. Empowered Funds LLC bought a new stake in Rush Street Interactive during the fourth quarter worth approximately $55,000. Osaic Holdings Inc. grew its holdings in Rush Street Interactive by 62.2% during 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. Lazard Asset Management LLC acquired a new position in Rush Street Interactive during the second quarter valued at approximately $90,000. Finally, US Bancorp DE bought a new position in shares of Rush Street Interactive in the third quarter valued at approximately $115,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Trading Up 1.4%

RSI opened at $32.78 on Thursday. The business has a 50 day moving average of $28.39 and a 200-day moving average of $22.87. The stock has a market capitalization of $7.63 billion, a price-to-earnings ratio of 105.73 and a beta of 1.56. Rush Street Interactive, Inc. has a 1-year low of $14.38 and a 1-year high of $32.86.

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

Several analysts recently issued reports on RSI shares. Jefferies Financial Group upped their price objective on shares of Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on shares of Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Susquehanna upped their price target on shares of Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Finally, Oppenheimer raised their price target on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.62.

Insider Activity at Rush Street Interactive

In related news, COO Mattias Stetz sold 74,500 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $1,859,520.00. Following the completion of the sale, the chief operating officer owned 237,874 shares in the company, valued at approximately $5,937,335.04. This trade represents a 23.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Todd Schwartz sold 710,000 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,162,379 shares of company stock worth $81,133,020 over the last ninety days. Corporate 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.