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

Corient Private Wealth LP bought a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the second quarter, HoldingsChannel.com reports. The firm bought 66,132 shares of the company’s stock, valued at approximately $1,967,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of RSI. Global Retirement Partners LLC purchased a new position in shares of Rush Street Interactive in the 2nd quarter worth $35,000. CoreCap Advisors LLC purchased a new stake in Rush Street Interactive during the second quarter valued at $54,000. Allworth Financial LP bought a new position in Rush Street Interactive in the second quarter valued at about $57,000. Kemnay Advisory Services Inc. purchased a new position in Rush Street Interactive in the fourth quarter worth about $47,000. Finally, Empowered Funds LLC purchased a new position in Rush Street Interactive in the fourth quarter worth about $55,000. 24.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $30.12, for a total value of $301,200.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction that occurred 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 directly owned 629,526 shares in the company, valued at approximately $16,776,867.90. This 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. Insiders have sold a total of 412,668 shares of company stock worth $12,202,463 in the last 90 days. Company insiders own 52.89% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price target on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “buy” rating and set a $39.00 price target on shares of Rush Street Interactive in a research note on Thursday, July 30th. Wall Street Zen downgraded Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Susquehanna increased their price target on Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Finally, Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.22.

Rush Street Interactive Trading Up 2.0%

Shares of NYSE:RSI opened at $26.26 on Thursday. Rush Street Interactive, Inc. has a 12 month low of $15.51 and a 12 month high of $34.53. The company has a 50-day moving average price of $28.97 and a 200 day moving average price of $25.65. The company 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) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $367.75 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 46.3% on a year-over-year basis. As a group, equities analysts forecast that Rush Street Interactive, Inc. will post 0.49 EPS for the current year.

Rush Street Interactive Company 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.