Fifth Third Bancorp Invests $1.72 Million in Rush Street Interactive, Inc. $RSI

Fifth Third Bancorp acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,219 shares of the company’s stock, valued at approximately $1,723,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC grew its stake in shares of Rush Street Interactive by 35.5% during the 1st quarter. Hsbc Holdings PLC now owns 99,422 shares of the company’s stock valued at $2,170,000 after purchasing an additional 26,061 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Rush Street Interactive by 5.2% in the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock worth $184,000 after purchasing an additional 419 shares during the period. Y Intercept Hong Kong Ltd lifted its stake in shares of Rush Street Interactive by 32.9% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 89,487 shares of the company’s stock worth $1,946,000 after purchasing an additional 22,163 shares during the period. Strs Ohio lifted its stake in shares of Rush Street Interactive by 43.2% in the 1st quarter. Strs Ohio now owns 41,100 shares of the company’s stock worth $894,000 after purchasing an additional 12,400 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of Rush Street Interactive by 35.7% in the first quarter. Pictet Asset Management Holding SA now owns 21,382 shares of the company’s stock worth $465,000 after buying an additional 5,628 shares during the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Richard Todd Schwartz sold 710,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Neil Bluhm sold 1,371,150 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $34,223,904.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,052,328 shares of company stock valued at $78,623,173. 52.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

RSI has been the subject of several recent research reports. Wells Fargo & Company boosted their target price on shares of Rush Street Interactive from $29.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday. Benchmark increased their price target on shares of Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Susquehanna lifted their price target on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Needham & Company LLC upped their price objective on Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Rush Street Interactive Stock Down 7.0%

Shares of Rush Street Interactive stock opened at $31.30 on Thursday. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 100.96 and a beta of 1.56. The stock’s 50-day simple moving average is $29.51 and its 200-day simple moving average is $23.83. Rush Street Interactive, Inc. has a 52 week low of $14.62 and a 52 week high of $34.53.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $370.36 million during the quarter, compared to analysts’ expectations of $330.82 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm’s revenue was up 41.1% on a year-over-year basis. During the same quarter last year, the business posted $0.09 earnings per share. On average, equities analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current 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.