State of Wyoming Purchases 22,639 Shares of Rush Street Interactive, Inc. $RSI

State of Wyoming raised its position in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 450.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,669 shares of the company’s stock after acquiring an additional 22,639 shares during the period. State of Wyoming’s holdings in Rush Street Interactive were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Rush Street Interactive by 1.2% during the third quarter. Vanguard Group Inc. now owns 8,822,279 shares of the company’s stock worth $180,680,000 after purchasing an additional 107,671 shares during the period. UBS Group AG raised its stake in Rush Street Interactive by 4.0% during the fourth quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock worth $20,154,000 after purchasing an additional 40,232 shares during the period. Precision Wealth Strategies LLC purchased a new position in Rush Street Interactive during the fourth quarter worth about $1,680,000. JPMorgan Chase & Co. raised its stake in Rush Street Interactive by 57.0% during the third quarter. JPMorgan Chase & Co. now owns 213,943 shares of the company’s stock worth $4,382,000 after purchasing an additional 77,698 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new position in Rush Street Interactive during the fourth quarter worth about $2,053,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $26.24 on Friday. The company’s 50 day simple moving average is $24.85 and its 200-day simple moving average is $20.96. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 84.63 and a beta of 1.58. Rush Street Interactive, Inc. has a 1 year low of $12.91 and a 1 year high of $29.24.

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

Analyst Upgrades and Downgrades

RSI has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Susquehanna lifted their target price on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Citizens Jmp lifted their target price on shares of 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. Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Rush Street Interactive has a consensus rating of “Moderate Buy” and an average price target of $29.25.

Insider Activity at Rush Street Interactive

In other news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $25.63, for a total value of $512,600.00. Following the sale, the chief operating officer directly owned 217,874 shares of the company’s stock, valued at approximately $5,584,110.62. The trade was a 8.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $25.44, for a total transaction of $585,120.00. Following the completion of the transaction, the chief financial officer owned 631,258 shares of the company’s stock, valued at $16,059,203.52. This trade represents a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 3,186,241 shares of company stock valued at $79,644,133 over the last 90 days. Insiders own 52.89% of the company’s stock.

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.