Yorktown Management & Research Co Inc Takes $551,000 Position in Rush Street Interactive, Inc. $RSI

Yorktown Management & Research Co Inc acquired a new stake in Rush Street Interactive, Inc. (NYSE:RSI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,900 shares of the company’s stock, valued at approximately $551,000.

Several other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new stake in Rush Street Interactive during the second quarter worth $42,000. Osaic Holdings Inc. increased its position in shares of 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 last quarter. Lazard Asset Management LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth $90,000. Pacer Advisors Inc. boosted its holdings in shares of Rush Street Interactive by 57.2% in the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock worth $103,000 after buying an additional 1,830 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Rush Street Interactive during the third quarter valued at about $105,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Price Performance

Shares of RSI stock opened at $19.31 on Friday. Rush Street Interactive, Inc. has a 1 year low of $9.54 and a 1 year high of $22.65. The company’s fifty day simple moving average is $18.68 and its two-hundred day simple moving average is $18.73. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 77.24 and a beta of 1.57.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $277.91 million for the quarter, compared to analysts’ expectations of $264.60 million. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The company’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. Equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Insider Activity

In related 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard Todd Schwartz sold 134,148 shares of Rush Street Interactive stock in a transaction on Monday, December 8th. The shares were sold at an average price of $18.37, for a total value of $2,464,298.76. Following the sale, the chief executive officer directly owned 514,578 shares of the company’s stock, valued at $9,452,797.86. This represents a 20.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 876,212 shares of company stock worth $16,241,748 in the last three months. Corporate insiders own 56.94% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on RSI. Needham & Company LLC lifted their price objective on shares of Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Oppenheimer restated an “outperform” rating and set a $24.00 price target on shares of Rush Street Interactive in a research note on Thursday, October 30th. Susquehanna upped their price objective on Rush Street Interactive from $22.00 to $23.00 and gave the company a “positive” rating in a research note on Tuesday, December 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their target price on Rush Street Interactive from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.25.

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.