Canada Pension Plan Investment Board Buys New Position in Rush Street Interactive, Inc. $RSI

Key Points

• Canada Pension Plan Investment Board acquired 143,900 Rush Street Interactive shares worth approximately $4.28 million, giving it a 0.06% stake. Institutional investors collectively own 24.78% of the company.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $35.22; several firms recently raised targets to $36.
• Rush Street Interactive reported second-quarter revenue of $393.78 million, up 46.3% year over year and above estimates, while insiders sold $12.8 million of stock over the past 90 days.

Canada Pension Plan Investment Board bought a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 143,900 shares of the company's stock, valued at approximately $4,280,000. Canada Pension Plan Investment Board owned about 0.06% of Rush Street Interactive at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its stake in shares of Rush Street Interactive by 5.2% during the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company's stock worth $184,000 after acquiring an additional 419 shares during the last quarter. Man Group plc increased its stake in shares of Rush Street Interactive by 0.7% in the 2nd quarter. Man Group plc now owns 89,535 shares of the company's stock worth $1,334,000 after purchasing an additional 654 shares in the last quarter. Cerity Partners LLC raised its holdings in Rush Street Interactive by 4.6% in the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company's stock worth $460,000 after purchasing an additional 1,042 shares during the period. Global Retirement Partners LLC bought a new position in Rush Street Interactive in the 2nd quarter worth $35,000. Finally, ProShare Advisors LLC lifted its position in Rush Street Interactive by 10.3% during the fourth quarter. ProShare Advisors LLC now owns 16,740 shares of the company's stock valued at $325,000 after purchasing an additional 1,561 shares in the last quarter. 24.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RSI has been the subject of several recent research reports. New Street Research set a $35.00 price target on Rush Street Interactive in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their price objective on Rush Street Interactive from $26.00 to $30.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Susquehanna lifted 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. Oppenheimer lifted their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, July 24th. Finally, Needham & Company LLC boosted their price objective on Rush Street Interactive from $33.00 to $36.00 and gave the company a "buy" rating in a research note 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $35.22.

Insiders Place Their Bets

In other news, CFO Kyle Sauers sold 23,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $26.65, for a total value of $612,950.00. Following the transaction, the chief financial officer owned 629,526 shares of the company's stock, valued at approximately $16,776,867.90. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $28.03, for a total transaction of $560,600.00. Following the transaction, the chief operating officer owned 177,874 shares of the company's stock, valued at approximately $4,985,808.22. This represents a 10.11% 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 a total of 435,668 shares of company stock valued at $12,787,583 in the last 90 days. 52.89% of the stock is currently owned by company insiders.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $26.40 on Monday. The stock has a fifty day simple moving average of $29.21 and a two-hundred day simple moving average of $25.46. The firm has a market capitalization of $6.12 billion, a PE ratio of 91.04 and a beta of 1.59. Rush Street Interactive, Inc. has a 52-week low of $15.51 and a 52-week high of $34.53.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. On average, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

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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