Westover Capital Advisors LLC Sells 28,301 Shares of Rush Street Interactive, Inc. $RSI

Westover Capital Advisors LLC decreased its position in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 52.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,694 shares of the company’s stock after selling 28,301 shares during the period. Westover Capital Advisors LLC’s holdings in Rush Street Interactive were worth $559,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in Rush Street Interactive in the fourth quarter worth approximately $47,000. Empowered Funds LLC bought a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $55,000. Osaic Holdings Inc. lifted its holdings 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 worth $73,000 after acquiring an additional 1,868 shares during the last quarter. Lazard Asset Management LLC purchased a new stake 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 during the 3rd quarter valued at $115,000. 24.78% of the stock is currently owned by institutional investors.

Insider Transactions at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 47,222 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total value of $1,473,798.62. Following the sale, the chief executive officer owned 374,036 shares in the company, valued at $11,673,663.56. This represents a 11.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total value of $624,400.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,100,614 shares of company stock valued at $79,737,131. Insiders own 52.89% of the company’s stock.

Analysts Set New Price Targets

RSI has been the subject of several analyst reports. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Needham & Company LLC increased their price objective on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group raised their target price on shares of Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a report 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. Finally, JPMorgan Chase & Co. upped their price target on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday. One 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $30.75.

Rush Street Interactive Stock Performance

NYSE RSI opened at $32.87 on Thursday. The stock has a market cap of $7.65 billion, a P/E ratio of 106.03 and a beta of 1.56. Rush Street Interactive, Inc. has a fifty-two week low of $14.38 and a fifty-two week high of $34.51. The stock has a 50 day simple moving average of $28.98 and a two-hundred day simple moving average of $23.36.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million for the quarter, compared to analysts’ expectations of $330.82 million. During the same period in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was up 41.1% compared to the same quarter last year. Sell-side analysts predict that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

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.