Calamos Advisors LLC Buys 40,318 Shares of Rush Street Interactive, Inc. $RSI

Calamos Advisors LLC lifted its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 580,326 shares of the company’s stock after acquiring an additional 40,318 shares during the quarter. Calamos Advisors LLC owned 0.25% of Rush Street Interactive worth $8,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in Rush Street Interactive by 5.4% in the first quarter. Arizona State Retirement System now owns 24,145 shares of the company’s stock worth $259,000 after purchasing an additional 1,232 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Rush Street Interactive by 94.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock worth $27,000 after buying an additional 1,232 shares during the last quarter. Teacher Retirement System of Texas grew 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 worth $203,000 after acquiring an additional 1,358 shares during the period. ProShare Advisors LLC increased its position in Rush Street Interactive by 10.6% during the second quarter. ProShare Advisors LLC now owns 18,202 shares of the company’s stock valued at $271,000 after acquiring an additional 1,745 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rush Street Interactive by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock valued at $484,000 after purchasing an additional 1,893 shares during the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Down 0.1%

Shares of Rush Street Interactive stock opened at $17.35 on Friday. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 69.38 and a beta of 1.86. The stock’s 50-day simple moving average is $19.44 and its 200-day simple moving average is $16.80. Rush Street Interactive, Inc. has a 52 week low of $9.54 and a 52 week high of $22.65.

Rush Street Interactive (NYSE:RSI) last issued its earnings results 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. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The company had revenue of $277.91 million for the quarter, compared to the consensus estimate of $264.60 million. During the same quarter last year, the company earned $0.05 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Rush Street Interactive has set its FY 2025 guidance at EPS. On average, equities analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

RSI has been the subject of several analyst reports. Benchmark upped their price objective on Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Susquehanna restated a “positive” rating and issued a $19.00 price target (up previously from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Zacks Research raised Rush Street Interactive from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Rush Street Interactive in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Rush Street Interactive from $16.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.75.

Insider Activity

In other news, COO Mattias Stetz sold 30,000 shares of Rush Street Interactive stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $17.09, for a total value of $512,700.00. Following the sale, the chief operating officer directly owned 194,806 shares of the company’s stock, valued at approximately $3,329,234.54. The trade was a 13.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Einar Roosileht sold 70,000 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $21.47, for a total value of $1,502,900.00. Following the completion of the sale, the insider owned 876,150 shares in the company, valued at $18,810,940.50. This represents a 7.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 826,753 shares of company stock worth $16,018,954 over the last 90 days. Corporate insiders own 56.94% of the company’s stock.

About Rush Street Interactive

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.