617,622 Shares in Rush Street Interactive, Inc. $RSI Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 617,622 shares of the company’s stock, valued at approximately $18,369,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Rush Street Interactive in the 2nd quarter valued at $448,435,000. Vanguard Group Inc. lifted its stake in shares of Rush Street Interactive by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after purchasing an additional 227,783 shares during the last quarter. Alliancebernstein L.P. boosted its position in Rush Street Interactive by 1.3% during the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after purchasing an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after purchasing an additional 2,496,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Rush Street Interactive by 84.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after purchasing an additional 1,267,622 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the completion of the sale, the chief executive officer owned 421,258 shares of the company’s stock, valued at approximately $11,803,649.16. The trade was a 20.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $26.65, for a total value of $612,950.00. Following the sale, the chief financial officer directly owned 629,526 shares of the company’s stock, valued at approximately $16,776,867.90. This represents a 3.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 614,002 shares of company stock valued at $17,350,367 over the last three months. 52.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RSI shares. Citizens Jmp boosted their target price on shares of Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a research report on Thursday, July 23rd. Weiss Ratings lowered shares of Rush Street Interactive from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Wells Fargo & Company increased their target price on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Needham & Company LLC raised their target price on shares of Rush Street Interactive from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. One equities 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 MarketBeat, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average target price of $35.22.

Rush Street Interactive Stock Up 0.8%

RSI stock opened at $26.40 on Friday. The stock has a market capitalization of $6.12 billion, a PE ratio of 91.04 and a beta of 1.59. Rush Street Interactive, Inc. has a 52 week low of $15.51 and a 52 week high of $34.53. The firm has a 50 day moving average of $29.21 and a 200 day moving average of $25.40.

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, meeting analysts’ consensus estimates of $0.15. The business had revenue of $393.78 million for the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. Rush Street Interactive’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 EPS. On average, equities research analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share 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.