BlackRock Inc. bought a new stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,078,522 shares of the company's stock, valued at approximately $448,435,000. BlackRock Inc. owned about 6.48% of Rush Street Interactive at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Rush Street Interactive by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company's stock valued at $175,843,000 after buying an additional 227,783 shares during the period. Alliancebernstein L.P. lifted its stake in Rush Street Interactive by 1.3% during 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 in the last quarter. Ameriprise Financial Inc. boosted its holdings in Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company's stock worth $57,815,000 after purchasing an additional 2,496,109 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 worth $60,121,000 after buying an additional 1,267,622 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in Rush Street Interactive by 17.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company's stock valued at $49,698,000 after purchasing an additional 378,002 shares during the period. Institutional investors own 24.78% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on RSI shares. Oppenheimer upped their price objective 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. Wall Street Zen cut shares of Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. Susquehanna lifted their price target 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. Needham & Company LLC upped their target price on shares of Rush Street Interactive from $33.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Finally, Weiss Ratings cut 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.22.
Get Our Latest Report on RSI
Insider Activity
In related news, CFO Kyle Sauers sold 23,000 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $25.44, for a total value of $585,120.00. Following the completion of the transaction, 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 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, CEO Richard Todd Schwartz sold 111,112 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.58, for a total value of $2,842,244.96. Following the transaction, the chief executive officer directly owned 421,258 shares in the company, valued at approximately $10,775,779.64. The trade was a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 over the last three months. 52.89% of the stock is currently owned by corporate insiders.
Rush Street Interactive Stock Up 2.5%
RSI opened at $26.45 on Tuesday. Rush Street Interactive, Inc. has a 52 week low of $15.51 and a 52 week high of $34.53. The stock has a market cap of $6.13 billion, a PE ratio of 91.20 and a beta of 1.59. The business has a 50 day moving average of $29.42 and a 200-day moving average of $25.21.
Rush Street Interactive (NYSE:RSI - Get Free Report) last issued 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. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company had revenue of $393.78 million during the quarter, compared to analysts' expectations of $367.75 million. During the same period last year, the company posted $0.11 EPS. Rush Street Interactive's revenue was up 46.3% on a year-over-year basis. Equities analysts anticipate that Rush Street Interactive, Inc. will post 0.49 EPS for the current year.
Rush Street Interactive Profile
(
Free Report)
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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