William Blair Investment Management LLC boosted its position in Rush Street Interactive, Inc. (NYSE:RSI – Free Report) by 17.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,557,778 shares of the company’s stock after buying an additional 378,002 shares during the period. William Blair Investment Management LLC’s holdings in Rush Street Interactive were worth $49,698,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of RSI. Vanguard Group Inc. grew its holdings in Rush Street Interactive by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after buying an additional 227,783 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Rush Street Interactive by 1.3% during the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after buying an additional 80,471 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Rush Street Interactive by 763.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after buying an additional 2,496,109 shares during the last quarter. Marshall Wace LLP grew its holdings in Rush Street Interactive by 2.7% during the 3rd quarter. Marshall Wace LLP now owns 2,436,811 shares of the company’s stock valued at $49,906,000 after buying an additional 64,140 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Rush Street Interactive by 47.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company’s stock valued at $43,562,000 after buying an additional 683,486 shares during the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Rush Street Interactive
In related news, Director Daniel W. Yih sold 50,000 shares of Rush Street Interactive stock in a transaction on Monday, March 9th. The stock was sold at an average price of $20.14, for a total value of $1,007,000.00. Following the transaction, the director owned 131,678 shares in the company, valued at approximately $2,651,994.92. This trade represents a 27.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Neil Bluhm sold 1,371,150 shares of Rush Street Interactive stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $34,223,904.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,365,020 shares of company stock worth $82,047,010 over the last ninety days. 52.89% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on RSI
Rush Street Interactive Stock Up 0.1%
RSI stock opened at $27.09 on Monday. Rush Street Interactive, Inc. has a 52-week low of $11.50 and a 52-week high of $29.24. The stock’s fifty day simple moving average is $23.83 and its 200-day simple moving average is $20.35. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 87.38 and a beta of 1.65.
Rush Street Interactive (NYSE:RSI – Get Free Report) last posted its quarterly earnings data 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. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business had revenue of $370.36 million for the quarter, compared to analysts’ expectations of $330.83 million. During the same quarter last year, the firm earned $0.09 earnings per share. The business’s revenue was up 41.1% on a year-over-year basis. As a group, analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal 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.
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Want to see what other hedge funds are holding RSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rush Street Interactive, Inc. (NYSE:RSI – Free Report).
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