Hsbc Holdings PLC lessened its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI – Free Report) by 27.0% in the fourth quarter, Holdings Channel reports. The firm owned 73,361 shares of the company’s stock after selling 27,138 shares during the period. Hsbc Holdings PLC’s holdings in Rush Street Interactive were worth $1,420,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Rush Street Interactive by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock valued at $484,000 after buying an additional 1,893 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Rush Street Interactive by 18.8% in the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock worth $7,394,000 after acquiring an additional 109,366 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Rush Street Interactive in the 2nd quarter valued at $166,000. Invesco Ltd. raised its stake in shares of Rush Street Interactive by 377.1% in the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after acquiring an additional 215,538 shares during the period. Finally, First Trust Advisors LP acquired a new position in shares of Rush Street Interactive during the 2nd quarter valued at $3,766,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently weighed in on RSI. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Wells Fargo & Company raised their price objective on Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Citizens Jmp boosted their price objective on Rush Street Interactive from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 20th. Jefferies Financial Group upped their target price on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Susquehanna increased their target price on Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.25.
Rush Street Interactive Price Performance
Shares of Rush Street Interactive stock opened at $29.62 on Wednesday. The business has a 50-day moving average of $27.36 and a 200-day moving average of $22.34. The company has a market capitalization of $6.89 billion, a PE ratio of 95.55 and a beta of 1.58. Rush Street Interactive, Inc. has a 1-year low of $14.38 and a 1-year high of $31.85.
Rush Street Interactive (NYSE:RSI – Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities analysts expect that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.
Insider Activity at Rush Street Interactive
In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total transaction of $585,120.00. Following the sale, the chief financial officer directly owned 631,258 shares in the company, valued at $16,059,203.52. The trade was a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Neil Bluhm sold 1,371,150 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $34,223,904.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,000,759 shares of company stock worth $75,746,560 over the last ninety days. Company insiders own 52.89% of the company’s stock.
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.
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