1,635,734 Shares in Rush Street Interactive, Inc. $RSI Bought by William Blair Investment Management LLC

Key Points

• William Blair Investment Management acquired 1.64 million Rush Street Interactive shares worth approximately $48.6 million, representing a 0.71% stake. Other institutional investors also increased their holdings, with institutions collectively owning 24.78% of RSI.
• Rush Street Interactive reported quarterly revenue of $393.8 million, up 46.3% year over year and above analyst expectations of $367.8 million; earnings per share matched estimates at $0.15.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $35.22 versus the cited share price of $25.70, although insiders sold more than 614,000 shares over the past three months.

William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,635,734 shares of the company's stock, valued at approximately $48,647,000. William Blair Investment Management LLC owned 0.71% of Rush Street Interactive as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company's stock valued at $484,000 after acquiring an additional 1,893 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Rush Street Interactive by 18.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company's stock worth $7,394,000 after purchasing an additional 109,366 shares during the period. Prudential Financial Inc. purchased a new position in shares of Rush Street Interactive during the 2nd quarter worth about $166,000. Invesco Ltd. grew its holdings in Rush Street Interactive by 377.1% during the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company's stock valued at $4,063,000 after purchasing an additional 215,538 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in Rush Street Interactive during the 2nd quarter valued at about $3,766,000. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Stock Up 0.4%

Shares of NYSE RSI opened at $25.70 on Friday. The business has a fifty day simple moving average of $29.49 and a two-hundred day simple moving average of $25.09. The firm has a market cap of $5.96 billion, a PE ratio of 88.62 and a beta of 1.59. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The business had revenue of $393.78 million during the quarter, compared to analysts' expectations of $367.75 million. During the same period in the prior year, the business earned $0.11 EPS. The business's revenue for the quarter was up 46.3% compared to the same quarter last year. On average, research analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $28.03, for a total transaction of $560,600.00. Following the transaction, the chief operating officer directly owned 177,874 shares in the company, valued at $4,985,808.22. This represents a 10.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $26.65, for a total transaction of $612,950.00. Following the transaction, the chief financial officer directly owned 629,526 shares in the company, valued at $16,776,867.90. This trade represents a 3.52% 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. Over the last three months, insiders have sold 614,002 shares of company stock valued at $17,350,367. Insiders own 52.89% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Weiss Ratings lowered Rush Street Interactive from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday. Oppenheimer upped their target price on Rush Street Interactive from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Jefferies Financial Group reiterated a "buy" rating and issued a $39.00 price target on shares of Rush Street Interactive in a report on Thursday, July 30th. Finally, Wall Street Zen lowered Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.22.

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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