IFP Advisors Inc Sells 45,607 Shares of Rush Street Interactive, Inc. $RSI

IFP Advisors Inc lowered its position in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 45.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,386 shares of the company’s stock after selling 45,607 shares during the quarter. IFP Advisors Inc’s holdings in Rush Street Interactive were worth $1,114,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after purchasing an additional 2,496,109 shares during the last quarter. Marshall Wace LLP boosted its holdings in Rush Street Interactive by 100.9% during the second quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock worth $35,353,000 after purchasing an additional 1,191,546 shares during the last quarter. Two Sigma Investments LP boosted its holdings in Rush Street Interactive by 247.3% during the third quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock worth $27,229,000 after purchasing an additional 946,673 shares during the last quarter. 1060 Capital LLC bought a new position in Rush Street Interactive in the second quarter valued at $11,222,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Rush Street Interactive by 47.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock valued at $43,562,000 after buying an additional 683,486 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $20.66 on Monday. Rush Street Interactive, Inc. has a 52-week low of $9.66 and a 52-week high of $22.65. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 73.77 and a beta of 1.54. The firm’s 50-day moving average is $18.75 and its 200-day moving average is $19.01.

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

Analyst Upgrades and Downgrades

RSI has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Rush Street Interactive in a research report on Monday, December 29th. Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Craig Hallum reiterated a “buy” rating on shares of Rush Street Interactive in a report on Tuesday, December 9th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. Finally, Susquehanna set a $22.00 price target on Rush Street Interactive in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.88.

Insiders Place Their Bets

In other Rush Street Interactive news, CFO Kyle Sauers sold 160,067 shares of Rush Street Interactive stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total transaction of $3,052,477.69. Following the completion of the transaction, the chief financial officer directly owned 663,306 shares of the company’s stock, valued at $12,649,245.42. The trade was a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $16.82, for a total transaction of $4,156,457.48. Following the sale, the chief executive officer directly owned 701,934 shares of the company’s stock, valued at $11,806,529.88. The trade was a 26.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,372,743 shares of company stock valued at $25,614,892. 56.89% of the stock is owned by insiders.

About Rush Street Interactive

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.