Hsbc Holdings PLC Has $1.42 Million Holdings in Rush Street Interactive, Inc. $RSI

Hsbc Holdings PLC decreased its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 27.0% in the 4th quarter, Holdings Channel reports. The fund owned 73,361 shares of the company’s stock after selling 27,138 shares during the quarter. Hsbc Holdings PLC’s holdings in Rush Street Interactive were worth $1,420,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kemnay Advisory Services Inc. bought a new stake in Rush Street Interactive in the 4th quarter valued at $47,000. Empowered Funds LLC bought a new position in Rush Street Interactive during the 4th quarter worth about $55,000. Osaic Holdings Inc. increased its holdings in 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. Lazard Asset Management LLC acquired a new stake in shares of Rush Street Interactive in the 2nd quarter valued at about $90,000. Finally, US Bancorp DE acquired a new stake in shares of Rush Street Interactive in the 3rd quarter valued at about $115,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Down 0.1%

Shares of NYSE:RSI opened at $33.38 on Monday. Rush Street Interactive, Inc. has a 12-month low of $14.38 and a 12-month high of $33.52. The stock has a market cap of $7.77 billion, a PE ratio of 107.69 and a beta of 1.56. The business has a 50 day moving average of $28.67 and a 200-day moving average of $23.06.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. Equities research analysts expect that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Insider Transactions at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 710,000 shares of Rush Street Interactive stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total transaction of $17,721,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith Gold sold 50,000 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $27.58, for a total transaction of $1,379,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,162,379 shares of company stock valued at $81,133,020. Corporate insiders own 52.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Jefferies Financial Group upped their price objective on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. lifted their target price on Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Wells Fargo & Company boosted their target price on Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a research report on Wednesday. Finally, Needham & Company LLC raised their price target on shares of Rush Street Interactive from $25.00 to $33.00 and gave the stock 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 given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.62.

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.