OMERS ADMINISTRATION Corp acquired a new position in Rush Street Interactive, Inc. (NYSE:RSI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 23,600 shares of the company’s stock, valued at approximately $702,000.
Several other large investors have also modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Rush Street Interactive in the second quarter worth approximately $448,435,000. Vanguard Group Inc. boosted 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 acquiring an additional 227,783 shares during the period. Alliancebernstein L.P. grew its position in Rush Street Interactive by 1.3% in the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after acquiring an additional 80,471 shares during the last quarter. Ameriprise Financial Inc. grew its position in Rush Street Interactive by 763.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after acquiring an additional 2,496,109 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Rush Street Interactive by 84.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after acquiring an additional 1,267,622 shares during the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.
Insider Buying and Selling
In other news, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $28.03, for a total value of $560,600.00. Following the sale, the chief operating officer directly owned 177,874 shares in the company, valued at approximately $4,985,808.22. This trade represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the completion of the transaction, the chief executive officer directly owned 421,258 shares in the company, valued at approximately $11,803,649.16. The trade was a 20.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 614,002 shares of company stock worth $17,350,367 in the last three months. 52.89% of the stock is owned by company insiders.
Rush Street Interactive Stock Down 0.9%
Rush Street Interactive (NYSE:RSI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The business had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The business’s revenue was up 46.3% compared to the same quarter last year. During the same period last year, the business posted $0.11 EPS. Equities analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on RSI shares. Citizens Jmp boosted their target price on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research note on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday, July 30th. New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a research report on Thursday, July 23rd. Oppenheimer upped their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Weiss Ratings lowered shares of Rush Street Interactive from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $35.22.
Read Our Latest Stock Analysis 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.
Featured Stories
- Five stocks we like better than Rush Street Interactive
- Nutanix’s Rally Has a Bigger Story Than Earnings as AMD’s AI Bet Takes Shape
- SEC Probe Puts Wall Street Leverage Risk Back in Focus
- A Bearish-Dollar Options Surge Raises the Stakes for Warsh at Jackson Hole
- Five Below’s Turnaround Is Working—But Has the Stock Run Too Far?
Receive News & Ratings for Rush Street Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rush Street Interactive and related companies with MarketBeat.com's FREE daily email newsletter.
