Hsbc Holdings PLC Increases Position in Rush Street Interactive, Inc. $RSI

Hsbc Holdings PLC raised its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 35.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,422 shares of the company’s stock after acquiring an additional 26,061 shares during the period. Hsbc Holdings PLC’s holdings in Rush Street Interactive were worth $2,170,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RSI. Precision Wealth Strategies LLC purchased a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $1,680,000. UBS Group AG lifted its position in Rush Street Interactive by 4.0% during the fourth quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock worth $20,154,000 after buying an additional 40,232 shares in the last quarter. Vanguard Group Inc. boosted its stake in Rush Street Interactive by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after buying an additional 227,783 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Rush Street Interactive during the fourth quarter worth $2,053,000. Finally, William Blair Investment Management LLC grew its holdings in Rush Street Interactive by 17.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock valued at $49,698,000 after buying an additional 378,002 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Trading Up 0.3%

Shares of NYSE:RSI opened at $31.41 on Friday. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 101.33 and a beta of 1.56. Rush Street Interactive, Inc. has a 12-month low of $14.70 and a 12-month high of $34.53. The business has a 50-day moving average price of $29.68 and a 200 day moving average price of $23.97.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $370.36 million for the quarter, compared to analysts’ expectations of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s revenue for the quarter was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 earnings per share. As a group, equities research analysts predict that Rush Street Interactive, Inc. will post 0.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on RSI. New Street Research set a $35.00 price target on Rush Street Interactive in a report on Thursday. Wells Fargo & Company raised their price objective on shares of Rush Street Interactive from $29.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Rush Street Interactive in a research note on Monday, July 6th. Wall Street Zen lowered shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Benchmark increased their price target on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.11.

Insider Activity at Rush Street Interactive

In related news, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.53, for a total value of $725,190.00. Following the completion of the sale, the chief financial officer owned 652,526 shares in the company, valued at approximately $20,574,144.78. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 that occurred on Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total value of $624,400.00. Following the completion of the sale, the chief operating officer directly owned 197,874 shares in the company, valued at approximately $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. Insiders sold a total of 3,052,328 shares of company stock valued at $78,623,173 over the last 90 days. Insiders own 52.89% of the company’s stock.

About Rush Street Interactive

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.