---
title: "Emerald Mutual Fund Advisers Trust Invests $4.78 Million in Rush Street Interactive, Inc. (NYSE:RSI)"
description: "Emerald Mutual Fund Advisers Trust has invested $4.78 million in Rush Street Interactive, Inc. (NYSE:RSI), acquiring 348,043 shares during the fourth quarter. Other hedge funds have also increased the"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/238432755.md"
published_at: "2025-05-01T11:20:12.000Z"
---

# Emerald Mutual Fund Advisers Trust Invests $4.78 Million in Rush Street Interactive, Inc. (NYSE:RSI)

> Emerald Mutual Fund Advisers Trust has invested $4.78 million in Rush Street Interactive, Inc. (NYSE:RSI), acquiring 348,043 shares during the fourth quarter. Other hedge funds have also increased their stakes in the company. Analysts have given Rush Street Interactive a consensus rating of "Buy" with a target price of $15.50. Recent insider sales include COO Mattias Stetz and CEO Richard Todd Schwartz, who sold shares, reducing their holdings. As of now, Rush Street Interactive shares are trading at $12.22, with a market cap of $2.79 billion.

Emerald Mutual Fund Advisers Trust bought a new stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 348,043 shares of the company's stock, valued at approximately $4,775,000. Emerald Mutual Fund Advisers Trust owned 0.15% of Rush Street Interactive at the end of the most recent quarter.

-   Rush Street Interactive May Hit the Jackpot on a Sale

Other hedge funds have also modified their holdings of the company. Northern Trust Corp grew its stake in Rush Street Interactive by 8.2% in the 4th quarter. Northern Trust Corp now owns 706,386 shares of the company's stock valued at $9,692,000 after acquiring an additional 53,682 shares during the last quarter. Topline Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 4th quarter valued at $24,851,000. Oberweis Asset Management Inc. grew its position in Rush Street Interactive by 2.1% during the fourth quarter. Oberweis Asset Management Inc. now owns 991,900 shares of the company's stock valued at $13,609,000 after acquiring an additional 20,000 shares during the period. Voya Investment Management LLC raised its holdings in Rush Street Interactive by 7.9% in the fourth quarter. Voya Investment Management LLC now owns 41,276 shares of the company's stock valued at $566,000 after buying an additional 3,026 shares during the period. Finally, Hood River Capital Management LLC lifted its holdings in shares of Rush Street Interactive by 14.1% during the 4th quarter. Hood River Capital Management LLC now owns 575,156 shares of the company's stock valued at $7,891,000 after acquiring an additional 71,227 shares in the last quarter. 24.78% of the stock is owned by institutional investors and hedge funds.

## Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RSI shares. Macquarie reissued an "outperform" rating and issued a $16.00 price objective on shares of Rush Street Interactive in a research report on Thursday, February 27th. Benchmark increased their target price on Rush Street Interactive from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Wells Fargo & Company boosted their price target on shares of Rush Street Interactive from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, February 27th. JMP Securities reaffirmed a "market perform" rating on shares of Rush Street Interactive in a report on Monday, January 6th. Finally, Needham & Company LLC restated a "buy" rating and set a $17.00 price objective on shares of Rush Street Interactive in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Rush Street Interactive currently has a consensus rating of "Buy" and a consensus target price of $15.50.

-   2 laggard sports betting stocks that gained from the Super Bowl

**Check Out Our Latest Stock Report on Rush Street Interactive**

## Insider Activity

In related news, COO Mattias Stetz sold 3,777 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $12.08, for a total transaction of $45,626.16. Following the completion of the sale, the chief operating officer now directly owns 421,051 shares in the company, valued at $5,086,296.08. This represents a 0.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Richard Todd Schwartz sold 193,905 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $10.63, for a total transaction of $2,061,210.15. Following the completion of the sale, the chief executive officer now owns 1,599,186 shares in the company, valued at approximately $16,999,347.18. This trade represents a 10.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 750,758 shares of company stock valued at $8,865,603. 56.89% of the stock is currently owned by insiders.

## Rush Street Interactive Trading Down 0.2 %

Shares of RSI opened at $12.22 on Tuesday. The company's fifty day simple moving average is $11.39 and its 200 day simple moving average is $12.65. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -611.00 and a beta of 1.90. Rush Street Interactive, Inc. has a 1-year low of $6.06 and a 1-year high of $16.78.

## About Rush Street Interactive

(Free Report)

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.

## Further Reading

-   Five stocks we like better than Rush Street Interactive
-   How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
-   Southwest Airlines CEO Calls Recession, Why Option Traders Jumped
-   Industrial Products Stocks Investing
-   Disney: The Compelling Case for Buying Now Before They Scale Up
-   Investing in the High PE Growth Stocks
-   Best Defense Stocks in 2025... So Far

*This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.*

## Should You Invest $1,000 in Rush Street Interactive Right Now?

Before you consider Rush Street Interactive, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rush Street Interactive wasn't on the list.

While Rush Street Interactive currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

### Related Stocks

- [RSI.US - Rush Street Interactive](https://longbridge.com/en/quote/RSI.US.md)
- [EEX.US - Emerald](https://longbridge.com/en/quote/EEX.US.md)
- [EPRT.US - Essential Properties Realty](https://longbridge.com/en/quote/EPRT.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| ConocoPhillips considers selling Permian assets worth $2 billion, Bloomberg News reports | Feb 20 (Reuters) - ConocoPhillipsis exploring a sale of some of its Permian Basin assets as part of a broader streamlini | [Link](https://longbridge.com/en/news/276478732.md) |
| IronBridge Private Wealth LLC Has $905,000 Holdings in Apple Inc. $AAPL | IronBridge Private Wealth LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 77.3% in Q3, holding 3,555 shares valued  | [Link](https://longbridge.com/en/news/276436345.md) |
| Financial Advocates Investment Management Lowers Stock Position in Meta Platforms, Inc. $META | Financial Advocates Investment Management reduced its stake in Meta Platforms, Inc. by 66.7% in Q3, now holding 2,343 sh | [Link](https://longbridge.com/en/news/276432394.md) |
| Rocket Lab Corporation $RKLB Stock Holdings Increased by Vanguard Group Inc. | Vanguard Group Inc. increased its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 5.4% in Q3, owning 41.8 million share | [Link](https://longbridge.com/en/news/276451972.md) |
| Alphabet Inc. $GOOG Shares Sold by Fifth Third Bancorp | Fifth Third Bancorp reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.4% in Q3, now holding 1,185,382 shares valued  | [Link](https://longbridge.com/en/news/276432399.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
