Cim LLC bought a new position in Rush Street Interactive, Inc. (NYSE:RSI – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 22,788 shares of the company’s stock, valued at approximately $496,000.
Other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System lifted its stake in Rush Street Interactive by 40.0% during the first quarter. California State Teachers Retirement System now owns 129,277 shares of the company’s stock worth $2,812,000 after purchasing an additional 36,943 shares during the last quarter. Quantinno Capital Management LP acquired a new position in Rush Street Interactive in the first quarter worth $1,769,000. Cooper Creek Partners Management LLC bought a new stake in Rush Street Interactive during the first quarter valued at $24,874,000. Entropy Technologies LP increased its stake in Rush Street Interactive by 61.4% during the first quarter. Entropy Technologies LP now owns 33,228 shares of the company’s stock valued at $723,000 after purchasing an additional 12,642 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Rush Street Interactive during the first quarter worth $2,523,000. 24.78% of the stock is currently owned by institutional investors.
Insider Activity at Rush Street Interactive
In other news, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.53, for a total value of $725,190.00. Following the completion of the sale, the chief financial officer directly owned 652,526 shares of the company’s stock, valued at approximately $20,574,144.78. This represents a 3.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $30.12, for a total transaction of $301,200.00. Following the completion of the transaction, the insider owned 93,256 shares of the company’s stock, valued at $2,808,870.72. This trade represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,887,328 shares of company stock valued at $74,151,223 over the last quarter. Corporate insiders own 52.89% of the company’s stock.
Rush Street Interactive Stock Performance
Rush Street Interactive (NYSE:RSI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business 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 2.98% and a return on equity of 17.21%. The company’s quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.11 earnings per share. Analysts forecast that Rush Street Interactive, Inc. will post 0.5 EPS for the current fiscal year.
Rush Street Interactive News Roundup
Here are the key news stories impacting Rush Street Interactive this week:
- Positive Sentiment: RSI reported record second-quarter revenue of $393.8 million, up 46% year over year and well above the roughly $367.8 million consensus estimate. Net income reached a record $29.3 million, while adjusted EBITDA rose 61% to $64.6 million. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
- Positive Sentiment: Quarterly earnings were $0.15 per share, matching estimates and improving from $0.11 a year earlier. The earnings beat on revenue and stronger profitability indicate healthy operating leverage. Rush Street Interactive Q2 Earnings Match Estimates
- Positive Sentiment: The company raised 2026 guidance, projecting approximately $1.56 billion to $1.60 billion in revenue, above the roughly $1.5 billion consensus forecast. Growth is expected to benefit from the Alberta market launch and continued expansion in North American online casinos. Rush Street Interactive Projects 2026 Revenue as It Ramps Alberta Launch
- Positive Sentiment: Monthly active users in North American online casino markets increased 64%, reinforcing the company’s customer-acquisition and market-share momentum. Rush Street Interactive Q2 2026 Results
- Neutral Sentiment: RSI shares are trading near their 52-week high and above both their 50-day and 200-day moving averages, suggesting strong momentum but also a higher bar for future results.
- Negative Sentiment: At a P/E ratio near 100, the stock already reflects substantial growth expectations. A pre-earnings valuation analysis also pointed to potentially significant downside if execution or expansion slows. Earnings Watch: RSI
Analyst Ratings Changes
A number of research analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Wells Fargo & Company increased their price objective on shares of Rush Street Interactive from $29.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. 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. Needham & Company LLC lifted their target price 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. Finally, Citizens Jmp upped their target price on Rush Street Interactive from $30.00 to $33.00 and gave the company a “market outperform” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $33.89.
Get Our Latest Analysis on RSI
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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