Penn Capital Management Company LLC Reduces Stock Holdings in Rush Street Interactive, Inc. $RSI

Penn Capital Management Company LLC cut its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 30.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 764,694 shares of the company’s stock after selling 327,496 shares during the period. Penn Capital Management Company LLC’s holdings in Rush Street Interactive were worth $15,677,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RSI. Concord Wealth Partners purchased a new stake in shares of Rush Street Interactive during the third quarter valued at approximately $41,000. Osaic Holdings Inc. grew its holdings in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares in the last quarter. Pacer Advisors Inc. increased its stake in Rush Street Interactive by 57.2% during the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock worth $103,000 after buying an additional 1,830 shares during the period. State of Alaska Department of Revenue acquired a new position in Rush Street Interactive in the 3rd quarter worth $105,000. Finally, US Bancorp DE purchased a new position in Rush Street Interactive in the 3rd quarter valued at about $115,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RSI. Susquehanna set a $22.00 target price on Rush Street Interactive in a research report on Wednesday, January 21st. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research cut Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Citizens Jmp upgraded shares of Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price target for the company in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $29.00 price objective on shares of Rush Street Interactive in a research note on Sunday, January 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.88.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, Director Daniel W. Yih sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $20.14, for a total value of $1,007,000.00. Following the transaction, the director owned 131,678 shares of the company’s stock, valued at $2,651,994.92. This trade represents a 27.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Mattias Stetz sold 90,000 shares of Rush Street Interactive stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $19.09, for a total value of $1,718,100.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,372,743 shares of company stock valued at $25,614,892. Corporate insiders own 56.89% of the company’s stock.

Rush Street Interactive Trading Up 1.7%

Shares of RSI opened at $20.53 on Wednesday. Rush Street Interactive, Inc. has a 52 week low of $9.66 and a 52 week high of $22.65. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 73.32 and a beta of 1.54. The stock has a 50 day moving average of $18.64 and a 200-day moving average of $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 (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $324.89 million for the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 earnings per share. On average, sell-side analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

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.