Rush Street Interactive, Inc. $RSI Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC trimmed its position in Rush Street Interactive, Inc. (NYSE:RSI) by 48.6% in the fourth quarter, Holdings Channel reports. The firm owned 74,959 shares of the company’s stock after selling 70,823 shares during the quarter. Legato Capital Management LLC’s holdings in Rush Street Interactive were worth $1,456,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Man Group plc grew its stake in Rush Street Interactive by 0.7% in the second quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after purchasing an additional 654 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Rush Street Interactive by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock worth $398,000 after purchasing an additional 752 shares in the last quarter. Cerity Partners LLC grew its stake in Rush Street Interactive by 5.3% in the second quarter. Cerity Partners LLC now owns 23,067 shares of the company’s stock worth $344,000 after purchasing an additional 1,167 shares in the last quarter. ProShare Advisors LLC grew its stake in Rush Street Interactive by 10.3% in the fourth quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock worth $325,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Diversified Trust Co. grew its stake in Rush Street Interactive by 6.7% in the fourth quarter. Diversified Trust Co. now owns 28,864 shares of the company’s stock worth $561,000 after purchasing an additional 1,815 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Up 0.1%

Shares of NYSE RSI opened at $27.09 on Monday. The firm’s 50-day moving average price is $23.83 and its two-hundred day moving average price is $20.35. Rush Street Interactive, Inc. has a 52-week low of $11.50 and a 52-week high of $29.24. The stock has a market capitalization of $6.30 billion, a P/E ratio of 87.38 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm had revenue of $370.36 million for the quarter, compared to analysts’ expectations of $330.83 million. During the same quarter last year, the company posted $0.09 earnings per share. Rush Street Interactive’s revenue was up 41.1% on a year-over-year basis. As a group, equities research analysts expect that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 710,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Daniel W. Yih sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $20.14, for a total transaction of $1,007,000.00. Following the completion of the transaction, the director directly owned 131,678 shares in the company, valued at $2,651,994.92. This represents a 27.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,365,020 shares of company stock worth $82,047,010. Insiders own 52.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna lifted their price target on Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Benchmark lifted their price target on Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer lifted their price target on Rush Street Interactive from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Citizens Jmp lifted their price target on Rush Street Interactive from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group lifted their price target on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.