Penn Capital Management Company LLC Decreases Stake in Rush Street Interactive, Inc. $RSI

Penn Capital Management Company LLC lowered its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 738,220 shares of the company’s stock after selling 26,474 shares during the quarter. Penn Capital Management Company LLC owned 0.32% of Rush Street Interactive worth $14,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Concord Wealth Partners purchased a new position in shares of Rush Street Interactive in the third quarter worth $41,000. Osaic Holdings Inc. raised its stake in shares of Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Rush Street Interactive in the second quarter worth $90,000. US Bancorp DE purchased a new position in shares of Rush Street Interactive in the third quarter worth $115,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Rush Street Interactive in the second quarter worth $156,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Insider Buying and Selling

In other Rush Street Interactive news, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $34,223,904.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Todd Schwartz sold 106,500 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $2,658,240.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,365,020 shares of company stock worth $82,047,010. Company insiders own 52.89% of the company’s stock.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $26.20 on Wednesday. The stock has a market cap of $6.10 billion, a PE ratio of 84.52 and a beta of 1.65. Rush Street Interactive, Inc. has a one year low of $11.76 and a one year high of $29.24. The stock has a fifty day moving average of $24.07 and a 200 day moving average of $20.49.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $330.83 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. Rush Street Interactive’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on RSI. Oppenheimer upped their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a research report on Wednesday, May 20th. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Needham & Company LLC upped their price objective on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Citizens Jmp upped their price objective on Rush Street Interactive from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

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.