Landscape Capital Management L.L.C. Makes New Investment in Rush Street Interactive, Inc. $RSI

Landscape Capital Management L.L.C. bought a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 415,050 shares of the company’s stock, valued at approximately $12,344,000. Rush Street Interactive makes up about 0.8% of Landscape Capital Management L.L.C.’s holdings, making the stock its 10th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ieq Capital LLC purchased a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $2,114,000. Allworth Financial LP purchased a new stake in shares of Rush Street Interactive during the second quarter valued at approximately $57,000. Great Lakes Advisors LLC bought a new stake in Rush Street Interactive during the second quarter worth $2,528,000. BlackRock Inc. purchased a new stake in shares of Rush Street Interactive during the 2nd quarter valued at $448,435,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth $416,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 111,112 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.58, for a total transaction of $2,842,244.96. Following the sale, the chief executive officer owned 421,258 shares of the company’s stock, valued at $10,775,779.64. The trade was a 20.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total value of $585,120.00. Following the sale, the chief financial officer owned 631,258 shares in the company, valued at approximately $16,059,203.52. This represents a 3.52% 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 ninety days, insiders sold 614,002 shares of company stock worth $17,350,367. Corporate insiders own 52.89% of the company’s stock.

Analyst Ratings Changes

RSI has been the topic of a number of research analyst reports. Citizens Jmp boosted their price target on shares of Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. Weiss Ratings lowered shares of Rush Street Interactive from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Benchmark increased their target price on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Finally, Susquehanna raised their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.22.

Rush Street Interactive Stock Up 0.4%

Shares of NYSE:RSI opened at $25.70 on Friday. The firm has a market capitalization of $5.96 billion, a PE ratio of 88.62 and a beta of 1.59. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53. The company has a 50-day moving average price of $29.49 and a two-hundred day moving average price of $25.09.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The firm had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company’s revenue was up 46.3% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. Analysts anticipate that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

About Rush Street Interactive

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.