BNP Paribas Financial Markets Sells 43,341 Shares of Rush Street Interactive, Inc. $RSI

Key Points

• BNP Paribas Financial Markets reduced its Rush Street Interactive stake by 4.7% in the fourth quarter, selling 43,341 shares and ending with 880,526 shares valued at about $17.1 million.
• Rush Street Interactive reported strong quarterly results, with EPS of $0.14 versus $0.12 expected and revenue of $370.36 million, up 41.1% from a year earlier.
• Analysts remain broadly positive on RSI, with several raising price targets; the stock has a consensus rating of “Moderate Buy” and an average target price of $29.25.

BNP Paribas Financial Markets lowered its stake in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 880,526 shares of the company's stock after selling 43,341 shares during the period. BNP Paribas Financial Markets owned 0.38% of Rush Street Interactive worth $17,109,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Man Group plc boosted its holdings in shares of Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company's stock valued at $1,334,000 after buying an additional 654 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Rush Street Interactive by 4.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company's stock worth $398,000 after purchasing an additional 752 shares during the last quarter. Cerity Partners LLC raised its position in shares of Rush Street Interactive by 5.3% in the 2nd quarter. Cerity Partners LLC now owns 23,067 shares of the company's stock worth $344,000 after purchasing an additional 1,167 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Rush Street Interactive by 10.3% in the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company's stock worth $325,000 after purchasing an additional 1,561 shares during the last quarter. Finally, Diversified Trust Co. raised its position in shares of Rush Street Interactive by 6.7% in the 4th quarter. Diversified Trust Co. now owns 28,864 shares of the company's stock worth $561,000 after purchasing an additional 1,815 shares during the last quarter. Institutional investors own 24.78% of the company's stock.

Rush Street Interactive Price Performance

RSI stock opened at $26.24 on Friday. Rush Street Interactive, Inc. has a 1-year low of $12.91 and a 1-year high of $29.24. The company has a market capitalization of $6.11 billion, a price-to-earnings ratio of 84.63 and a beta of 1.58. The business has a 50 day simple moving average of $24.85 and a two-hundred day simple moving average of $20.96.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.83 million. During the same period in the prior year, the company posted $0.09 EPS. The firm's revenue for the quarter was up 41.1% compared to the same quarter last year. Sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Benchmark lifted their price target on Rush Street Interactive from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Jefferies Financial Group boosted their target price on Rush Street Interactive from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Wall Street Zen lowered Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Rush Street Interactive from $20.00 to $21.00 and gave the company a "neutral" rating in a research report on Thursday, April 16th. Finally, Citizens Jmp upped their price target on shares of Rush Street Interactive from $27.00 to $30.00 and gave the company a "market outperform" rating in a research report on Wednesday, May 20th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.25.

Insiders Place Their Bets

In other Rush Street Interactive news, Chairman Neil Bluhm sold 1,371,150 shares of the company's stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total value of $34,223,904.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Todd Schwartz sold 710,000 shares of the company's stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total value of $17,721,600.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,186,241 shares of company stock valued at $79,644,133. 52.89% of the stock is owned by company insiders.

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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