Tudor Investment Corp ET AL Raises Holdings in Rush Street Interactive, Inc. $RSI
by Scott Moore · The Cerbat GemTudor Investment Corp ET AL boosted its stake in Rush Street Interactive, Inc. (NYSE:RSI – Free Report) by 72.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,000,911 shares of the company’s stock after buying an additional 421,234 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.44% of Rush Street Interactive worth $20,499,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of RSI. Man Group plc raised its holdings in shares of 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 acquiring an additional 654 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Rush Street Interactive by 4.0% during the 3rd 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. New York State Teachers Retirement System raised its stake in Rush Street Interactive by 15.6% in the 3rd quarter. New York State Teachers Retirement System now owns 8,022 shares of the company’s stock valued at $164,000 after purchasing an additional 1,084 shares during the last quarter. Cerity Partners LLC raised its stake in Rush Street Interactive by 5.3% in the 2nd quarter. Cerity Partners LLC now owns 23,067 shares of the company’s stock valued at $344,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in Rush Street Interactive by 5.8% in the 3rd quarter. Diversified Trust Co now owns 27,049 shares of the company’s stock valued at $554,000 after purchasing an additional 1,474 shares in the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.
Insider Transactions at Rush Street Interactive
In other news, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $19.46, for a total transaction of $447,580.00. Following the completion of the sale, the chief financial officer owned 640,306 shares in the company, valued at approximately $12,460,354.76. The trade was a 3.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Mattias Stetz sold 3,398 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $20.22, for a total transaction of $68,707.56. Following the sale, the chief operating officer directly owned 249,624 shares of the company’s stock, valued at approximately $5,047,397.28. This trade represents a 1.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,372,743 shares of company stock valued at $25,614,892. Insiders own 56.94% of the company’s stock.
Rush Street Interactive Stock Performance
Shares of RSI stock opened at $20.66 on Friday. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 73.77 and a beta of 1.54. Rush Street Interactive, Inc. has a one year low of $9.66 and a one year high of $22.65. The company has a 50 day moving average price of $18.75 and a 200 day moving average price of $19.05.
Rush Street Interactive (NYSE:RSI – Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The company had revenue of $324.89 million during the quarter, compared to analyst estimates of $305.08 million. During the same quarter last year, the business earned $0.07 EPS. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on RSI. Susquehanna set a $22.00 price target on shares of Rush Street Interactive in a report on Wednesday, January 21st. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Citizens Jmp raised shares of Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 target price for the company in a research note on Wednesday, February 18th. Citigroup upgraded Rush Street Interactive to an “outperform” rating in a report on Wednesday, February 18th. Finally, Oppenheimer raised their price objective on Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. One equities 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.88.
Check Out Our Latest Report on Rush Street Interactive
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.
Further Reading
Want to see what other hedge funds are holding RSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rush Street Interactive, Inc. (NYSE:RSI – Free Report).