Hsbc Holdings PLC Has $9.62 Million Stock Holdings in Rush Street Interactive, Inc. $RSI

Hsbc Holdings PLC raised its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 212.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,800 shares of the company’s stock after purchasing an additional 211,378 shares during the quarter. Hsbc Holdings PLC owned approximately 0.13% of Rush Street Interactive worth $9,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RSI. Global Retirement Partners LLC acquired a new stake in shares of Rush Street Interactive in the 2nd quarter valued at approximately $35,000. Kemnay Advisory Services Inc. acquired a new position in Rush Street Interactive during the fourth quarter worth $47,000. CoreCap Advisors LLC bought a new stake in Rush Street Interactive during the second quarter worth $54,000. Empowered Funds LLC bought a new stake in Rush Street Interactive during the fourth quarter worth $55,000. Finally, Allworth Financial LP acquired a new stake in Rush Street Interactive in the second quarter valued at $57,000. Institutional investors own 24.78% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on RSI shares. New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a research report on Thursday, July 23rd. 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 report on Wednesday, July 15th. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $39.00 price target on shares of Rush Street Interactive in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.22.

Insider Activity at Rush Street Interactive

In other news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $31.22, for a total transaction of $624,400.00. Following the completion of the sale, the chief operating officer owned 197,874 shares in the company, valued at $6,177,626.28. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,112 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $28.02, for a total value of $3,113,358.24. Following the sale, the chief executive officer owned 421,258 shares of the company’s stock, valued at approximately $11,803,649.16. This represents a 20.87% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 614,000 shares of company stock worth $17,394,492. Insiders own 52.89% of the company’s stock.

Rush Street Interactive Price Performance

RSI stock opened at $26.81 on Thursday. The company has a fifty day moving average price of $28.57 and a two-hundred day moving average price of $25.99. Rush Street Interactive, Inc. has a one year low of $15.51 and a one year high of $34.53. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 92.45 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, meeting the consensus estimate of $0.15. The company had revenue of $393.78 million for the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company’s revenue was up 46.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 earnings per share. Research analysts anticipate that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal 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.