Penn Capital Management Company LLC Sells 26,474 Shares of Rush Street Interactive, Inc. $RSI

Penn Capital Management Company LLC lessened its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 3.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 738,220 shares of the company’s stock after selling 26,474 shares during the period. Penn Capital Management Company LLC’s holdings in Rush Street Interactive were worth $14,359,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the business. Jackson Creek Investment Advisors LLC boosted its stake in shares of Rush Street Interactive by 31.6% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 88,798 shares of the company’s stock worth $1,725,000 after acquiring an additional 21,298 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Rush Street Interactive by 17.3% in the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after acquiring an additional 378,002 shares during the period. Jefferies Financial Group Inc. bought a new position in shares of Rush Street Interactive in the fourth quarter worth about $2,053,000. IFP Advisors Inc boosted its stake in shares of Rush Street Interactive by 4.7% in the fourth quarter. IFP Advisors Inc now owns 56,952 shares of the company’s stock worth $1,107,000 after acquiring an additional 2,556 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Rush Street Interactive by 10.3% in the fourth quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock worth $325,000 after acquiring an additional 1,561 shares during the period. Institutional investors own 24.78% of the company’s stock.

Insider Buying and Selling

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 106,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $2,658,240.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Mattias Stetz sold 11,175 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $278,928.00. Following the sale, the chief operating officer owned 237,874 shares in the company, valued at approximately $5,937,335.04. This trade represents a 4.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,365,020 shares of company stock valued at $82,047,010. 52.89% of the stock is currently owned by company insiders.

Rush Street Interactive Trading Down 3.2%

NYSE:RSI opened at $26.20 on Wednesday. Rush Street Interactive, Inc. has a 12 month low of $11.76 and a 12 month high of $29.24. The business’s 50-day moving average is $24.07 and its 200 day moving average is $20.49. The company has a market capitalization of $6.10 billion, a P/E ratio of 84.52 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.83 million. During the same period in the prior year, the business posted $0.09 earnings per share. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. On average, research analysts forecast that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on RSI shares. Benchmark upped their price objective on Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Freedom Capital raised Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. Oppenheimer upped their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group upped their price objective on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.25.

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.