Bryce Point Capital LLC Sells 9,360 Shares of Rush Street Interactive, Inc. $RSI

Bryce Point Capital LLC trimmed its position in Rush Street Interactive, Inc. (NYSE:RSI) by 14.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 54,221 shares of the company’s stock after selling 9,360 shares during the period. Bryce Point Capital LLC’s holdings in Rush Street Interactive were worth $808,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in shares of Rush Street Interactive by 94.7% in the first quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock valued at $27,000 after purchasing an additional 1,232 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Rush Street Interactive in the first quarter valued at about $33,000. Farther Finance Advisors LLC bought a new stake in shares of Rush Street Interactive in the second quarter valued at about $42,000. AlphaQuest LLC lifted its holdings in shares of Rush Street Interactive by 431.3% in the second quarter. AlphaQuest LLC now owns 7,395 shares of the company’s stock valued at $110,000 after purchasing an additional 6,003 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Rush Street Interactive by 11.1% in the second quarter. Teacher Retirement System of Texas now owns 13,615 shares of the company’s stock valued at $203,000 after purchasing an additional 1,358 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Zacks Research upgraded Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Oppenheimer reiterated an “outperform” rating and set a $24.00 target price on shares of Rush Street Interactive in a report on Thursday. Benchmark upped their target price on Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Needham & Company LLC upped their target price on Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average price target of $20.75.

Rush Street Interactive Stock Down 0.1%

NYSE:RSI opened at $16.94 on Tuesday. The stock’s 50 day moving average price is $20.20 and its two-hundred day moving average price is $16.57. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 67.76 and a beta of 1.87. Rush Street Interactive, Inc. has a 12-month low of $9.54 and a 12-month high of $22.65.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.09 earnings per share (EPS) 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 analyst estimates of $264.60 million. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share. Rush Street Interactive has set its FY 2025 guidance at EPS. Equities research analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Insiders Place Their Bets

In other Rush Street Interactive news, COO Mattias Stetz sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $20.10, for a total value of $603,000.00. Following the sale, the chief operating officer owned 224,806 shares in the company, valued at $4,518,600.60. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Einar Roosileht sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $19.96, for a total value of $1,397,200.00. Following the completion of the sale, the insider owned 876,150 shares in the company, valued at $17,487,954. This represents a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 796,753 shares of company stock worth $15,732,213 over the last ninety days. 56.94% of the stock is currently owned by corporate insiders.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.