Great Lakes Advisors LLC bought a new position in Rush Street Interactive, Inc. (NYSE:RSI – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 84,995 shares of the company’s stock, valued at approximately $2,528,000.
A number of other hedge funds also recently made changes to their positions in RSI. Global Retirement Partners LLC bought a new position in Rush Street Interactive during the second quarter valued at $35,000. CoreCap Advisors LLC purchased a new stake in shares of Rush Street Interactive during the second quarter valued at $54,000. Kemnay Advisory Services Inc. bought a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $47,000. Empowered Funds LLC purchased a new stake in shares of Rush Street Interactive in the 4th quarter worth $55,000. Finally, Osaic Holdings Inc. grew its holdings in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after acquiring an additional 1,868 shares in the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.
Rush Street Interactive Stock Performance
Shares of NYSE RSI opened at $25.70 on Friday. Rush Street Interactive, Inc. has a fifty-two week low of $15.51 and a fifty-two week high of $34.53. The company has a market cap of $5.96 billion, a PE ratio of 88.62 and a beta of 1.59. The business has a 50-day simple moving average of $29.49 and a two-hundred day simple moving average of $25.09.
Insider Transactions at Rush Street Interactive
In other news, insider Paul Wierbicki sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $30.12, for a total value 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. The trade was a 9.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $28.03, for a total value of $560,600.00. Following the completion of the sale, the chief operating officer owned 177,874 shares in the company, valued at approximately $4,985,808.22. This represents a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 614,002 shares of company stock worth $17,350,367 in the last ninety days. Corporate insiders own 52.89% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on RSI. JPMorgan Chase & Co. increased their target price on Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Citigroup restated a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. Susquehanna raised their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the company a “positive” rating in a research report on Wednesday, July 29th. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Citizens Jmp raised their price target on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $35.22.
View Our Latest Stock Report on Rush Street Interactive
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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