Hsbc Holdings PLC Reduces Stock Holdings in Rush Street Interactive, Inc. $RSI

Hsbc Holdings PLC cut its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 27.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,361 shares of the company’s stock after selling 27,138 shares during the period. Hsbc Holdings PLC’s holdings in Rush Street Interactive were worth $1,420,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Rush Street Interactive by 1.2% in the third quarter. Vanguard Group Inc. now owns 8,822,279 shares of the company’s stock valued at $180,680,000 after purchasing an additional 107,671 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $1,680,000. UBS Group AG increased its stake in shares of Rush Street Interactive by 4.0% during the 4th quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock worth $20,154,000 after purchasing an additional 40,232 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Rush Street Interactive during the 4th quarter worth approximately $2,053,000. Finally, William Blair Investment Management LLC lifted its stake 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 institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, May 20th. JPMorgan Chase & Co. lifted their price objective on Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Jefferies Financial Group boosted their target price on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer upped their target price on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Benchmark raised 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 note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Rush Street Interactive Trading Down 5.4%

Shares of NYSE:RSI opened at $29.62 on Wednesday. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 95.55 and a beta of 1.58. The stock’s 50-day moving average price is $27.36 and its two-hundred day moving average price is $22.34. Rush Street Interactive, Inc. has a 12-month low of $14.38 and a 12-month high of $31.85.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.09 EPS. As a group, research analysts forecast that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 47,222 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.58, for a total transaction of $1,207,938.76. Following the completion of the sale, the chief executive officer directly owned 374,036 shares of the company’s stock, valued at $9,567,840.88. The trade was a 11.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $30.12, for a total value of $301,200.00. Following the sale, the insider owned 93,256 shares of the company’s stock, valued at approximately $2,808,870.72. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,000,759 shares of company stock valued at $75,746,560 in the last quarter. 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.