Rush Street Interactive, Inc. $RSI Holdings Raised by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 32.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,487 shares of the company’s stock after purchasing an additional 22,163 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Rush Street Interactive were worth $1,946,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of RSI. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive in the 4th quarter valued at approximately $47,000. Empowered Funds LLC acquired a new stake in Rush Street Interactive during the 4th quarter valued at $55,000. Osaic Holdings Inc. raised its stake in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Rush Street Interactive in the second quarter valued at $90,000. Finally, US Bancorp DE purchased a new stake in shares of Rush Street Interactive in the third quarter valued at $115,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Analyst Upgrades and Downgrades

RSI has been the topic of a number of research analyst reports. Susquehanna lifted their price target on Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rush Street Interactive in a research note on Monday. JPMorgan Chase & Co. raised 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 upped their target price on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.62.

Insider Transactions at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 47,222 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total value of $1,473,798.62. Following the transaction, the chief executive officer owned 374,036 shares in the company, valued at approximately $11,673,663.56. This represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $30.12, for a total transaction of $301,200.00. Following the completion of the sale, the insider owned 93,256 shares of the company’s stock, valued at $2,808,870.72. This trade represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,162,379 shares of company stock valued at $81,133,020 in the last quarter. Corporate insiders own 52.89% of the company’s stock.

Rush Street Interactive Trading Up 1.4%

NYSE RSI opened at $32.78 on Thursday. Rush Street Interactive, Inc. has a 1-year low of $14.38 and a 1-year high of $32.86. The firm’s fifty day simple moving average is $28.39 and its 200-day simple moving average is $22.87. The company has a market capitalization of $7.63 billion, a PE ratio of 105.73 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last issued 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. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.82 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. As a group, analysts predict that Rush Street Interactive, Inc. will post 0.47 EPS for the current 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.