Neo Ivy Capital Management Purchases 47,876 Shares of Rush Street Interactive, Inc. $RSI

Neo Ivy Capital Management raised its position in Rush Street Interactive, Inc. (NYSE:RSI) by 7,504.1% during the third quarter, Holdings Channel.com reports. The fund owned 48,514 shares of the company’s stock after purchasing an additional 47,876 shares during the quarter. Neo Ivy Capital Management’s holdings in Rush Street Interactive were worth $994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSI. Concord Wealth Partners bought a new stake in shares of Rush Street Interactive in the third quarter worth about $41,000. Osaic Holdings Inc. increased its holdings in Rush Street Interactive by 62.2% during the 2nd 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 period. Pacer Advisors Inc. raised its position in Rush Street Interactive by 57.2% during the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock valued at $103,000 after purchasing an additional 1,830 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Rush Street Interactive during the 3rd quarter valued at approximately $105,000. Finally, US Bancorp DE purchased a new stake in Rush Street Interactive in the 3rd quarter worth approximately $115,000. 24.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Rush Street Interactive news, COO Mattias Stetz sold 90,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $19.09, for a total value of $1,718,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kyle Sauers sold 160,067 shares of the firm’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total value of $3,052,477.69. Following the transaction, the chief financial officer directly owned 663,306 shares of the company’s stock, valued at $12,649,245.42. This represents a 19.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,516,648 shares of company stock worth $28,196,818. 56.94% of the stock is owned by corporate insiders.

Rush Street Interactive Price Performance

Shares of RSI opened at $20.87 on Friday. Rush Street Interactive, Inc. has a one year low of $9.54 and a one year high of $22.65. The company has a 50-day simple moving average of $18.50 and a two-hundred day simple moving average of $19.08. The firm has a market capitalization of $4.85 billion, a PE ratio of 74.54 and a beta of 1.54.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The firm’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 EPS. Analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RSI has been the topic of a number of recent analyst reports. Citizens Jmp upgraded Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Wednesday, February 18th. Citigroup upgraded Rush Street Interactive to an “outperform” rating in a report on Wednesday, February 18th. Benchmark reaffirmed a “buy” rating on shares of Rush Street Interactive in a research note on Wednesday, February 18th. Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Oppenheimer boosted their price objective on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.88.

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.