Rush Street Interactive, Inc. $RSI Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Rush Street Interactive stake by 82.9% in the second quarter, adding 516,534 shares and bringing its holdings to 1.14 million shares valued at approximately $33.9 million.
• Wall Street analysts maintain a favorable view, with a consensus rating of “Moderate Buy” and an average price target of $35.22, versus the reported opening price of $24.90.
• RSI reported second-quarter revenue of $393.78 million, up 46.3% year over year and above estimates, while earnings per share matched expectations at $0.15. Insiders sold more than 614,000 shares worth $17.35 million over the past 90 days.

Assenagon Asset Management S.A. raised its holdings in Rush Street Interactive, Inc. (NYSE:RSI - Free Report) by 82.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,139,667 shares of the company's stock after buying an additional 516,534 shares during the period. Assenagon Asset Management S.A. owned approximately 0.49% of Rush Street Interactive worth $33,894,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. New York State Teachers Retirement System increased its stake in shares of Rush Street Interactive by 5.2% during the first quarter. New York State Teachers Retirement System now owns 8,441 shares of the company's stock worth $184,000 after buying an additional 419 shares during the period. Man Group plc lifted its stake in Rush Street Interactive by 0.7% in the second quarter. Man Group plc now owns 89,535 shares of the company's stock worth $1,334,000 after acquiring an additional 654 shares during the last quarter. Cerity Partners LLC grew its holdings in Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company's stock worth $460,000 after acquiring an additional 1,042 shares in the last quarter. ProShare Advisors LLC grew its holdings in Rush Street Interactive by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company's stock worth $325,000 after acquiring an additional 1,561 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in shares of Rush Street Interactive in the 2nd quarter valued at approximately $54,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on RSI shares. Benchmark raised their price target on Rush Street Interactive from $30.00 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Susquehanna upped their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the stock a "positive" rating in a research report on Wednesday, July 29th. New Street Research set a $35.00 price objective on Rush Street Interactive in a report on Thursday, July 23rd. Wells Fargo & Company raised their target price on Rush Street Interactive from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Thursday, July 30th. Finally, Oppenheimer boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Rush Street Interactive has an average rating of "Moderate Buy" and a consensus target price of $35.22.

Rush Street Interactive Stock Performance

Shares of RSI opened at $24.90 on Friday. The stock has a market capitalization of $5.79 billion, a P/E ratio of 85.86 and a beta of 1.59. Rush Street Interactive, Inc. has a 1 year low of $15.51 and a 1 year high of $34.53. The company's fifty day moving average is $29.88 and its two-hundred day moving average is $24.58.

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 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 firm had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm's revenue was up 46.3% compared to the same quarter last year. Sell-side analysts predict that Rush Street Interactive, Inc. will post 0.49 EPS for the current year.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total transaction of $585,120.00. Following the transaction, the chief financial officer owned 631,258 shares of the company's stock, valued at $16,059,203.52. This represents a 3.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the business's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total value of $624,400.00. Following the sale, the chief operating officer owned 197,874 shares of the company's stock, valued at $6,177,626.28. The trade was a 9.18% 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. In the last ninety days, insiders have sold 614,002 shares of company stock worth $17,350,367. Corporate insiders own 52.89% of the company's stock.

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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