BNP Paribas Financial Markets Reduces Holdings in Rush Street Interactive, Inc. $RSI

BNP Paribas Financial Markets decreased its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 880,526 shares of the company’s stock after selling 43,341 shares during the period. BNP Paribas Financial Markets’ holdings in Rush Street Interactive were worth $17,109,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new position in Rush Street Interactive in the fourth quarter valued at approximately $10,972,000. Geode Capital Management LLC lifted its holdings in Rush Street Interactive by 5.2% in the fourth quarter. Geode Capital Management LLC now owns 2,235,061 shares of the company’s stock valued at $43,436,000 after acquiring an additional 110,384 shares during the period. Jackson Creek Investment Advisors LLC lifted its holdings in Rush Street Interactive by 31.6% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 88,798 shares of the company’s stock valued at $1,725,000 after acquiring an additional 21,298 shares during the period. William Blair Investment Management LLC lifted 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 period. Finally, Jefferies Financial Group Inc. acquired a new position in Rush Street Interactive in the fourth quarter valued at approximately $2,053,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Stock Up 0.0%

Shares of NYSE:RSI opened at $26.24 on Friday. The business has a fifty day moving average of $24.85 and a two-hundred day moving average of $20.96. The stock has a market cap of $6.11 billion, a P/E ratio of 84.63 and a beta of 1.58. Rush Street Interactive, Inc. has a 52-week low of $12.91 and a 52-week high of $29.24.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.83 million. During the same quarter in the prior year, the company posted $0.09 EPS. The company’s quarterly revenue was up 41.1% on a year-over-year basis. On average, equities analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Benchmark boosted their price target on Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Susquehanna upped their target price on Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a research note on Wednesday, May 20th. Wells Fargo & Company upped their target price on Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.25.

Insider Buying and Selling

In related news, COO Mattias Stetz sold 74,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total transaction of $1,859,520.00. Following the transaction, the chief operating officer owned 237,874 shares in the company, valued at $5,937,335.04. This trade represents a 23.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel W. Yih sold 50,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $20.14, for a total value of $1,007,000.00. Following the completion of the transaction, the director owned 131,678 shares in the company, valued at $2,651,994.92. This trade represents a 27.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,186,241 shares of company stock worth $79,644,133. 52.89% of the stock is owned by corporate insiders.

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.