Rush Street Interactive, Inc. $RSI Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,675,601 shares of the company’s stock after acquiring an additional 121,992 shares during the quarter. William Blair Investment Management LLC owned 1.17% of Rush Street Interactive worth $39,866,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Rush Street Interactive by 94.7% in the 1st quarter. Pacer Advisors Inc. now owns 2,533 shares of the company’s stock worth $27,000 after acquiring an additional 1,232 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of Rush Street Interactive in the 1st quarter worth approximately $33,000. Farther Finance Advisors LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter worth approximately $42,000. GAMMA Investing LLC lifted its holdings in shares of Rush Street Interactive by 1,687.6% in the 1st quarter. GAMMA Investing LLC now owns 6,507 shares of the company’s stock worth $70,000 after acquiring an additional 6,143 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new position in shares of Rush Street Interactive in the 1st quarter worth approximately $169,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Trading Down 14.8%

Shares of RSI opened at $17.28 on Friday. Rush Street Interactive, Inc. has a twelve month low of $9.54 and a twelve month high of $22.65. The firm’s fifty day simple moving average is $20.51 and its 200-day simple moving average is $15.96. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 86.40 and a beta of 1.87.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Rush Street Interactive had a net margin of 2.48% and a return on equity of 16.53%. The business had revenue of $269.22 million for the quarter, compared to analyst estimates of $248.98 million. During the same period last year, the business earned $0.04 EPS. The company’s revenue was up 22.2% on a year-over-year basis. Rush Street Interactive has set its FY 2025 guidance at EPS. On average, analysts predict that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RSI has been the subject of several recent research reports. Jefferies Financial Group reissued a “buy” rating on shares of Rush Street Interactive in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Rush Street Interactive in a research report on Wednesday, October 8th. Zacks Research cut shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 13th. Finally, Susquehanna reissued a “positive” rating and issued a $19.00 price target (up previously from $15.00) on shares of Rush Street Interactive in a research report on Wednesday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.78.

Insider Activity

In related news, COO Mattias Stetz sold 30,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $20.10, for a total value of $603,000.00. Following the transaction, the chief operating officer directly owned 224,806 shares of the company’s stock, valued at $4,518,600.60. This trade represents a 11.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 96,987 shares of the stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $18.79, for a total transaction of $1,822,385.73. Following the completion of the transaction, the chief executive officer directly owned 574,147 shares in the company, valued at $10,788,222.13. This trade represents a 14.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,477,847 shares of company stock valued at $28,465,288 over the last quarter. Company insiders own 56.94% of the company’s stock.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc operates as an online casino and sports betting company in the United States, Canada, Mexico, and rest of Latin America. It provides real-money online casino, online and retail sports betting, and social gaming services. In addition, the company offers full suite of games comprising of bricks-and-mortar casinos, table games, and slot machines.