Royal Bank of Canada Sells 34,712 Shares of Rush Street Interactive, Inc. $RSI

Royal Bank of Canada cut its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 69.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,060 shares of the company’s stock after selling 34,712 shares during the quarter. Royal Bank of Canada’s holdings in Rush Street Interactive were worth $328,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Rush Street Interactive by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after buying an additional 227,783 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Rush Street Interactive by 1.3% in the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock worth $92,592,000 after acquiring an additional 80,471 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after acquiring an additional 2,496,109 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Rush Street Interactive by 84.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after acquiring an additional 1,267,622 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its holdings in Rush Street Interactive by 17.3% in the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock valued at $49,698,000 after acquiring an additional 378,002 shares during the last quarter. Institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

RSI has been the subject of several analyst reports. Susquehanna raised their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Wells Fargo & Company lifted their target price on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Benchmark boosted their target price on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $35.22.

Insider Activity

In related news, CEO Richard Todd Schwartz sold 111,112 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $25.58, for a total value of $2,842,244.96. Following the completion of the sale, the chief executive officer directly owned 421,258 shares of the company’s stock, valued at $10,775,779.64. The trade was a 20.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the company’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 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 trade represents a 9.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 614,002 shares of company stock worth $17,350,367. Company insiders own 52.89% of the company’s stock.

Rush Street Interactive Stock Down 0.9%

NYSE:RSI opened at $26.14 on Friday. The company has a fifty day moving average of $29.26 and a 200-day moving average of $25.40. The firm has a market capitalization of $6.06 billion, a P/E ratio of 90.13 and a beta of 1.59. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.15. The company had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. Rush Street Interactive’s quarterly revenue was up 46.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. On average, analysts anticipate that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

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.