Corient Private Wealth LP Makes New $1.97 Million Investment in Rush Street Interactive, Inc. $RSI

Key Points

• Corient Private Wealth acquired 66,132 shares of Rush Street Interactive worth approximately $1.97 million during the second quarter. Institutional investors collectively own 24.78% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $35.22; Oppenheimer, Benchmark, and Wells Fargo recently raised their targets to $35–$36.
• Rush Street Interactive reported quarterly revenue of $393.78 million, up 46.3% year over year and above estimates, while insiders sold 412,668 shares worth about $12.2 million over the past 90 days.

Corient Private Wealth LP acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 66,132 shares of the company's stock, valued at approximately $1,967,000.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Rush Street Interactive in the 2nd quarter worth about $448,435,000. Vanguard Group Inc. boosted its stake in Rush Street Interactive by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company's stock worth $175,843,000 after acquiring an additional 227,783 shares in the last quarter. Alliancebernstein L.P. grew its holdings in Rush Street Interactive by 1.3% in the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company's stock worth $92,592,000 after purchasing an additional 80,471 shares during the period. Ameriprise Financial Inc. grew its holdings in Rush Street Interactive by 763.6% in 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 period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Rush Street Interactive by 84.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company's stock valued at $60,121,000 after purchasing an additional 1,267,622 shares in the last quarter. Institutional investors own 24.78% of the company's stock.

Insiders Place Their Bets

In related news, CEO Richard Todd Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total value of $3,467,805.52. Following the completion of the sale, the chief executive officer directly owned 421,258 shares in the company, valued at approximately $13,147,462.18. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $26.65, for a total value of $612,950.00. Following the completion of the transaction, the chief financial officer directly owned 629,526 shares of the company's stock, valued at approximately $16,776,867.90. This trade represents a 3.52% decrease in their position. 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. In the last ninety days, insiders sold 412,668 shares of company stock valued at $12,202,463. Company insiders own 52.89% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Oppenheimer upped their price target on Rush Street Interactive from $30.00 to $36.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Wall Street Zen cut Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. Benchmark boosted their target price on Rush Street Interactive from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 23rd. Wells Fargo & Company boosted their target price on Rush Street Interactive from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Thursday, July 30th. Finally, Citigroup reissued a "market outperform" rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. One 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 MarketBeat.com, Rush Street Interactive presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.22.

Rush Street Interactive Stock Up 2.0%

NYSE:RSI opened at $26.26 on Thursday. The company's 50 day moving average price is $28.97 and its 200-day moving average price is $25.65. 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 $6.09 billion, a price-to-earnings ratio of 90.54 and a beta of 1.51.

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 for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The firm's quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 earnings per share. As a group, sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

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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