Penn Capital Management Company LLC Has $17.72 Million Position in Rush Street Interactive, Inc. $RSI

Penn Capital Management Company LLC decreased its position in Rush Street Interactive, Inc. (NYSE:RSI) by 19.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 595,281 shares of the company’s stock after selling 147,650 shares during the quarter. Penn Capital Management Company LLC owned approximately 0.26% of Rush Street Interactive worth $17,722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Global Retirement Partners LLC bought a new stake in Rush Street Interactive during the second quarter valued at about $35,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at about $47,000. CoreCap Advisors LLC bought a new position in shares of Rush Street Interactive in the second quarter worth about $54,000. Empowered Funds LLC acquired a new position in shares of Rush Street Interactive during the 4th quarter worth about $55,000. Finally, Allworth Financial LP acquired a new position in shares of Rush Street Interactive during the 2nd quarter worth about $57,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on RSI shares. JPMorgan Chase & Co. raised their target price on Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings lowered Rush Street Interactive from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Needham & Company LLC increased their price objective on Rush Street Interactive from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Oppenheimer raised their price objective on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, 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 research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.22.

Rush Street Interactive Stock Up 0.8%

RSI stock opened at $26.40 on Friday. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53. The company has a market cap of $6.12 billion, a PE ratio of 91.04 and a beta of 1.59. The business’s 50-day simple moving average is $29.21 and its 200 day simple moving average is $25.40.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The firm had revenue of $393.78 million during the quarter, compared to analysts’ expectations of $367.75 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 46.3% on a year-over-year basis. On average, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.49 EPS for the current year.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $25.44, for a total value 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 position. The sale was disclosed in a 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, COO Mattias Stetz sold 20,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total transaction of $624,400.00. Following the completion of the transaction, the chief operating officer owned 197,874 shares of the company’s stock, valued at approximately $6,177,626.28. This represents a 9.18% 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. Over the last ninety days, insiders sold 614,002 shares of company stock worth $17,350,367. 52.89% of the stock is owned by corporate insiders.

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.