Fox Run Management L.L.C. Makes New Investment in Rush Street Interactive, Inc. $RSI

by · The Markets Daily

Fox Run Management L.L.C. acquired a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 63,543 shares of the company’s stock, valued at approximately $1,235,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its holdings in Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock worth $460,000 after purchasing an additional 1,042 shares during the last quarter. LPL Financial LLC raised its holdings in Rush Street Interactive by 30.8% during the 4th quarter. LPL Financial LLC now owns 16,971 shares of the company’s stock worth $330,000 after purchasing an additional 3,995 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Rush Street Interactive by 72.2% during the 4th quarter. JPMorgan Chase & Co. now owns 368,392 shares of the company’s stock worth $7,158,000 after purchasing an additional 154,449 shares during the last quarter. State of Wyoming raised its holdings in Rush Street Interactive by 450.1% during the 4th quarter. State of Wyoming now owns 27,669 shares of the company’s stock worth $538,000 after purchasing an additional 22,639 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Rush Street Interactive by 76.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company’s stock worth $26,065,000 after purchasing an additional 580,568 shares during the last quarter. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Trading Up 5.5%

Rush Street Interactive stock opened at $27.57 on Wednesday. The firm has a market capitalization of $6.41 billion, a P/E ratio of 88.93 and a beta of 1.58. Rush Street Interactive, Inc. has a 1 year low of $13.20 and a 1 year high of $29.24. The business has a 50-day moving average of $25.07 and a 200-day moving average of $21.12.

Rush Street Interactive (NYSE:RSI – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.83 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. Research analysts anticipate that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $34,223,904.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judith Gold sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $27.58, for a total value of $1,379,000.00. 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 have sold a total of 3,136,241 shares of company stock valued at $78,637,133 over the last 90 days. 52.89% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on RSI. Benchmark boosted their price objective on Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Oppenheimer boosted their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Susquehanna boosted their price objective on Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. Needham & Company LLC boosted their price objective on Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Citizens Jmp boosted their price objective on Rush Street Interactive from $27.00 to $30.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Check Out Our Latest Stock Report on RSI

Rush Street Interactive Company Profile

(Free Report)

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.

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