Rush Street Interactive, Inc. $RSI Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 32.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 164,712 shares of the company’s stock after selling 80,513 shares during the period. Exchange Traded Concepts LLC’s holdings in Rush Street Interactive were worth $3,200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Rush Street Interactive by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 8,822,279 shares of the company’s stock valued at $180,680,000 after purchasing an additional 107,671 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Rush Street Interactive by 1.3% during the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after purchasing an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. increased its stake in 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. Marshall Wace LLP increased its stake in Rush Street Interactive by 2.7% during the 3rd quarter. Marshall Wace LLP now owns 2,436,811 shares of the company’s stock worth $49,906,000 after buying an additional 64,140 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings 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 worth $43,562,000 after buying an additional 683,486 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Price Performance

RSI opened at $21.81 on Wednesday. Rush Street Interactive, Inc. has a 12-month low of $9.66 and a 12-month high of $22.65. The stock has a market capitalization of $5.07 billion, a PE ratio of 77.89 and a beta of 1.54. The firm’s fifty day moving average price is $19.09 and its 200 day moving average price is $19.03.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company 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 revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 earnings per share. On average, equities research analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RSI shares. Jefferies Financial Group reissued a “buy” rating and issued a $29.00 price objective on shares of Rush Street Interactive in a research report on Sunday, January 25th. Needham & Company LLC lifted their target price on Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Wells Fargo & Company assumed coverage on Rush Street Interactive in a research note on Thursday, March 26th. They set an “overweight” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average price target of $23.22.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 247,114 shares of the company’s stock in a transaction that occurred on 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 owned 701,934 shares in the company, valued at $11,806,529.88. This represents a 26.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kyle Sauers sold 160,067 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.07, for a total value of $3,052,477.69. Following the transaction, the chief financial officer directly owned 663,306 shares in the company, valued at approximately $12,649,245.42. This represents a 19.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,407,743 shares of company stock worth $26,371,042. 56.89% of the stock is currently owned by company 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.