Westover Capital Advisors LLC Sells 28,301 Shares of Rush Street Interactive, Inc. $RSI

Westover Capital Advisors LLC trimmed its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 52.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 25,694 shares of the company’s stock after selling 28,301 shares during the period. Westover Capital Advisors LLC’s holdings in Rush Street Interactive were worth $559,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive during the 4th quarter valued at about $47,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $55,000. Osaic Holdings Inc. lifted its position 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 period. US Bancorp DE purchased a new stake in Rush Street Interactive in the third quarter worth approximately $115,000. Finally, Lazard Asset Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter worth approximately $90,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RSI. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a research report on Wednesday, July 8th. Susquehanna raised their target price on Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Citizens Jmp upped their price target on shares of Rush Street Interactive from $30.00 to $33.00 and gave the company a “market outperform” rating in a research report on Wednesday, July 8th. Finally, Wall Street Zen lowered shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.75.

Insiders Place Their Bets

In related news, Director Judith Gold sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $27.58, for a total value of $1,379,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 710,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total value of $17,721,600.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,100,614 shares of company stock worth $79,737,131. 52.89% of the stock is currently owned by insiders.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $32.87 on Thursday. The stock has a market cap of $7.65 billion, a PE ratio of 106.03 and a beta of 1.56. Rush Street Interactive, Inc. has a 1 year low of $14.38 and a 1 year high of $34.51. The firm has a fifty day moving average price of $28.98 and a 200-day moving average price of $23.36.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $370.36 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. On average, research 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.