236,737 Shares in Rush Street Interactive, Inc. $RSI Purchased by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 236,737 shares of the company’s stock, valued at approximately $7,044,000.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth approximately $448,435,000. Vanguard Group Inc. increased its position in shares of Rush Street Interactive by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after purchasing an additional 227,783 shares during the period. Alliancebernstein L.P. increased its position in shares of Rush Street Interactive by 1.3% during the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after purchasing an additional 80,471 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after purchasing an additional 2,496,109 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Rush Street Interactive by 84.7% in 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 and hedge funds own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on RSI. Needham & Company LLC lifted their price target on shares of Rush Street Interactive from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a research note on Thursday, July 23rd. Citizens Jmp raised their price objective on shares of Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and set a $39.00 target price on shares of Rush Street Interactive in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. One 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.22.

Insider Activity at Rush Street Interactive

In related news, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $28.03, for a total value of $560,600.00. Following the transaction, the chief operating officer owned 177,874 shares in the company, valued at $4,985,808.22. This trade represents a 10.11% decrease in their ownership of the stock. The transaction 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, insider Paul Wierbicki sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $30.12, for a total transaction of $301,200.00. Following the transaction, the insider owned 93,256 shares in the company, valued at approximately $2,808,870.72. The trade was a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 412,668 shares of company stock worth $12,202,463 in the last quarter. Insiders own 52.89% of the company’s stock.

Rush Street Interactive Price Performance

Rush Street Interactive stock opened at $26.26 on Thursday. The stock has a fifty day moving average price of $28.97 and a two-hundred day moving average price of $25.65. Rush Street Interactive, Inc. has a 52-week low of $15.51 and a 52-week high of $34.53. The firm has a market capitalization of $6.09 billion, a P/E ratio of 90.54 and a beta of 1.51.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data 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 return on equity of 18.88% and a net margin of 2.33%.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 business earned $0.11 earnings per share. The business’s revenue was up 46.3% on a year-over-year basis. On average, equities research analysts predict 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.