Assenagon Asset Management S.A. Sells 51,344 Shares of Rush Street Interactive, Inc. $RSI

Assenagon Asset Management S.A. trimmed its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 7.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 623,133 shares of the company’s stock after selling 51,344 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Rush Street Interactive were worth $13,553,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its position in Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after acquiring an additional 2,496,109 shares in the last quarter. Two Sigma Investments LP raised its position in Rush Street Interactive by 247.3% during the third quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock valued at $27,229,000 after purchasing an additional 946,673 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in shares of Rush Street Interactive by 47.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock valued at $43,562,000 after purchasing an additional 683,486 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Rush Street Interactive by 76.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company’s stock valued at $26,065,000 after purchasing an additional 580,568 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Rush Street Interactive in the 4th quarter worth approximately $10,972,000. Institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on RSI shares. Oppenheimer boosted their target price 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. Citizens Jmp raised their price target on Rush Street Interactive from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 20th. Wells Fargo & Company lifted their price objective on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Freedom Capital upgraded shares of Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, Jefferies Financial Group increased their target price on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company 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 assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Insider Activity at Rush Street Interactive

In other news, COO Mattias Stetz sold 74,500 shares of the company’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 $1,859,520.00. Following the transaction, the chief operating officer directly owned 237,874 shares in the company, valued at approximately $5,937,335.04. This represents a 23.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 710,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total transaction of $17,721,600.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,111,241 shares of company stock valued at $78,182,183. Company insiders own 52.89% of the company’s stock.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $31.57 on Friday. The stock has a 50 day moving average price of $27.06 and a 200 day moving average price of $22.15. Rush Street Interactive, Inc. has a 52-week low of $14.38 and a 52-week high of $31.65. The firm has a market capitalization of $7.35 billion, a P/E ratio of 101.85 and a beta of 1.58.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 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 company had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.82 million. During the same quarter in the prior year, the company posted $0.09 EPS. Rush Street Interactive’s quarterly revenue was up 41.1% on a year-over-year basis. As a group, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Rush Street Interactive 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.