GSA Capital Partners LLP Makes New Investment in Rush Street Interactive, Inc. $RSI

GSA Capital Partners LLP bought a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 67,112 shares of the company’s stock, valued at approximately $1,996,000.

Several other hedge funds also recently modified their holdings of RSI. Ameriprise Financial Inc. grew its position in shares of Rush Street Interactive by 763.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after buying an additional 2,496,109 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Rush Street Interactive by 84.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after buying an additional 1,267,622 shares during the period. Cooper Creek Partners Management LLC bought a new position in Rush Street Interactive in the first quarter valued at approximately $24,874,000. Two Sigma Investments LP boosted its stake in Rush Street Interactive by 247.3% in the third quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock valued at $27,229,000 after acquiring an additional 946,673 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Rush Street Interactive by 76.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company’s stock worth $26,065,000 after acquiring an additional 580,568 shares during the period. Institutional investors own 24.78% of the company’s stock.

Insiders Place Their Bets

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total value of $624,400.00. Following the completion of the transaction, the chief operating officer directly owned 197,874 shares of the company’s stock, valued at approximately $6,177,626.28. The trade was a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $25.44, for a total value of $585,120.00. Following the completion of the transaction, the chief financial officer directly owned 631,258 shares of the company’s stock, valued at approximately $16,059,203.52. The trade was a 3.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 614,002 shares of company stock worth $17,350,367. Corporate insiders own 52.89% of the company’s stock.

Rush Street Interactive Stock Performance

RSI opened at $25.59 on Friday. The firm’s fifty day moving average is $29.79 and its two-hundred day moving average is $24.81. The firm has a market cap of $5.93 billion, a PE ratio of 88.26 and a beta of 1.59. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company had revenue of $393.78 million during the quarter, compared to analyst estimates of $367.75 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue was up 46.3% on a year-over-year basis. Equities analysts forecast that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a $39.00 price target on shares of Rush Street Interactive in a research note on Thursday, July 30th. Needham & Company LLC lifted their price objective on Rush Street Interactive from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Rush Street Interactive from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Citizens Jmp raised their target price on Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company raised their target price on Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average target price of $35.22.

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.