Neo Ivy Capital Management Acquires 47,876 Shares of Rush Street Interactive, Inc. $RSI

Neo Ivy Capital Management lifted its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 7,504.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,514 shares of the company’s stock after purchasing an additional 47,876 shares during the quarter. Neo Ivy Capital Management’s holdings in Rush Street Interactive were worth $994,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RSI. Man Group plc lifted its holdings in shares of Rush Street Interactive by 0.7% during the 2nd 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 stake in Rush Street Interactive by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock valued at $398,000 after acquiring an additional 752 shares during the last quarter. New York State Teachers Retirement System increased its stake in Rush Street Interactive by 15.6% in the third quarter. New York State Teachers Retirement System now owns 8,022 shares of the company’s stock valued at $164,000 after acquiring an additional 1,084 shares during the last quarter. Cerity Partners LLC raised its position in Rush Street Interactive by 5.3% during the second 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 in the last quarter. Finally, Teacher Retirement System of Texas raised its position in Rush Street Interactive by 11.1% during the second quarter. Teacher Retirement System of Texas now owns 13,615 shares of the company’s stock valued at $203,000 after purchasing an additional 1,358 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rush Street Interactive news, COO Mattias Stetz sold 90,000 shares of Rush Street Interactive stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $19.09, for a total value of $1,718,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kyle Sauers sold 160,067 shares of Rush Street Interactive stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.07, for a total value of $3,052,477.69. Following the completion of the transaction, the chief financial officer directly owned 663,306 shares in the company, valued at $12,649,245.42. This trade represents a 19.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,516,648 shares of company stock worth $28,196,818 in the last ninety days. 56.94% of the stock is owned by insiders.

Rush Street Interactive Stock Down 0.0%

NYSE RSI opened at $20.87 on Friday. The company has a 50-day simple moving average of $18.50 and a two-hundred day simple moving average of $19.08. Rush Street Interactive, Inc. has a 12-month low of $9.54 and a 12-month high of $22.65. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 74.54 and a beta of 1.54.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $305.08 million. During the same period last year, the business posted $0.07 earnings per share. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. Equities analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Susquehanna set a $22.00 price objective on Rush Street Interactive in a report on Wednesday, January 21st. Citizens Jmp raised Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 18th. Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Citigroup raised Rush Street Interactive to an “outperform” rating in a research note on Wednesday, February 18th. Finally, Benchmark reiterated a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.88.

Rush Street Interactive Company 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.