Renaissance Technologies LLC Has $49.70 Million Position in Rush Street Interactive, Inc. $RSI

Renaissance Technologies LLC lifted its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 15.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,285,000 shares of the company’s stock after purchasing an additional 312,700 shares during the quarter. Renaissance Technologies LLC’s holdings in Rush Street Interactive were worth $49,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in Rush Street Interactive in the fourth quarter valued at approximately $47,000. Empowered Funds LLC acquired a new position in shares of Rush Street Interactive during the fourth quarter worth $55,000. Osaic Holdings Inc. lifted its stake in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after acquiring an additional 1,868 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Rush Street Interactive in the 2nd quarter valued at $90,000. Finally, US Bancorp DE bought a new position in shares of Rush Street Interactive in the 3rd quarter valued at $115,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RSI. Oppenheimer boosted their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company increased their target price on Rush Street Interactive from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Jefferies Financial Group lifted their price target on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Citizens Jmp upped their price objective on Rush Street Interactive from $30.00 to $33.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 8th. Finally, Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, July 8th. One research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Rush Street Interactive Trading Up 0.8%

Shares of RSI opened at $31.68 on Tuesday. The stock’s 50-day moving average price is $29.76 and its two-hundred day moving average price is $24.08. Rush Street Interactive, Inc. has a 12 month low of $15.18 and a 12 month high of $34.53. The company has a market capitalization of $7.37 billion, a PE ratio of 102.18 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $370.36 million during the quarter, compared to analysts’ expectations of $330.82 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Equities research analysts predict that Rush Street Interactive, Inc. will post 0.5 EPS for the current fiscal year.

Insider Activity

In other news, COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total value of $624,400.00. Following the sale, the chief operating officer directly owned 197,874 shares of the company’s stock, valued at approximately $6,177,626.28. This represents a 9.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of the company’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $30.12, for a total transaction of $301,200.00. Following the completion of the sale, the insider directly owned 93,256 shares in the company, valued at approximately $2,808,870.72. This represents a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 3,032,328 shares of company stock worth $78,141,973. 52.89% of the stock is owned by company insiders.

About Rush Street Interactive

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.