Principal Financial Group Inc. Has $3.31 Million Stock Holdings in Rush Street Interactive, Inc. $RSI

Principal Financial Group Inc. grew its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 59.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 152,402 shares of the company’s stock after purchasing an additional 56,522 shares during the quarter. Principal Financial Group Inc.’s holdings in Rush Street Interactive were worth $3,315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. New York State Teachers Retirement System boosted its position in Rush Street Interactive by 5.2% during the first quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock valued at $184,000 after purchasing an additional 419 shares during the last quarter. Man Group plc increased its position in shares of Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after purchasing an additional 654 shares during the last quarter. Cerity Partners LLC increased its position in shares of Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock worth $460,000 after purchasing an additional 1,042 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Rush Street Interactive by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock worth $325,000 after purchasing an additional 1,561 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Trading Up 1.3%

NYSE:RSI opened at $31.08 on Thursday. The stock has a 50 day simple moving average of $29.89 and a 200 day simple moving average of $24.25. The stock has a market cap of $7.23 billion, a P/E ratio of 100.27 and a beta of 1.56. Rush Street Interactive, Inc. has a 1-year low of $15.51 and a 1-year high of $34.53.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The firm had revenue of $393.78 million for the quarter, compared to analyst estimates of $367.75 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The company’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. As a group, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.5 EPS for the current year.

Insider Buying and Selling at Rush Street Interactive

In related news, COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total value of $624,400.00. Following the transaction, the chief operating officer directly owned 197,874 shares in the company, valued at approximately $6,177,626.28. This represents a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.53, for a total transaction of $725,190.00. Following the completion of the transaction, the chief financial officer owned 652,526 shares in the company, valued at $20,574,144.78. This trade represents a 3.40% decrease in their ownership of the stock. 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. In the last three months, insiders sold 2,887,328 shares of company stock worth $74,151,223. Insiders own 52.89% of the company’s stock.

Key Stories Impacting Rush Street Interactive

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: RSI reported record second-quarter revenue of $393.8 million, up 46% year over year and well above the roughly $367.8 million consensus estimate. Net income reached a record $29.3 million, while adjusted EBITDA rose 61% to $64.6 million. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Quarterly earnings were $0.15 per share, matching estimates and improving from $0.11 a year earlier. The earnings beat on revenue and stronger profitability indicate healthy operating leverage. Rush Street Interactive Q2 Earnings Match Estimates
• Positive Sentiment: The company raised 2026 guidance, projecting approximately $1.56 billion to $1.60 billion in revenue, above the roughly $1.5 billion consensus forecast. Growth is expected to benefit from the Alberta market launch and continued expansion in North American online casinos. Rush Street Interactive Projects 2026 Revenue as It Ramps Alberta Launch
• Positive Sentiment: Monthly active users in North American online casino markets increased 64%, reinforcing the company’s customer-acquisition and market-share momentum. Rush Street Interactive Q2 2026 Results
• Neutral Sentiment: RSI shares are trading near their 52-week high and above both their 50-day and 200-day moving averages, suggesting strong momentum but also a higher bar for future results.
• Negative Sentiment: At a P/E ratio near 100, the stock already reflects substantial growth expectations. A pre-earnings valuation analysis also pointed to potentially significant downside if execution or expansion slows. Earnings Watch: RSI

Analysts Set New Price Targets

A number of equities analysts recently weighed in on RSI shares. Susquehanna boosted their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Rush Street Interactive in a research note on Monday, July 6th. Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a research note on Wednesday, July 8th. New Street Research set a $35.00 price target on Rush Street Interactive in a research report on Thursday, July 23rd. Finally, Jefferies Financial Group upped their price objective on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.89.

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.