OMERS ADMINISTRATION Corp Invests $702,000 in Rush Street Interactive, Inc. $RSI

OMERS ADMINISTRATION Corp bought a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the 2nd quarter, HoldingsChannel reports. The firm bought 23,600 shares of the company’s stock, valued at approximately $702,000.

Several other hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Rush Street Interactive in the second quarter valued at about $448,435,000. Ameriprise Financial Inc. increased its holdings in shares of Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after acquiring an additional 2,496,109 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive during the second quarter valued at about $48,647,000. Arrowstreet Capital Limited Partnership raised its position in shares of Rush Street Interactive by 84.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after purchasing an additional 1,267,622 shares during the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of Rush Street Interactive in the 1st quarter valued at approximately $24,874,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RSI. Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 price target on shares of Rush Street Interactive in a report on Thursday, July 30th. Benchmark boosted their price objective on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Rush Street Interactive from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, New Street Research set a $35.00 target price on Rush Street Interactive in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $35.22.

Insider Activity at Rush Street Interactive

In related news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total transaction of $624,400.00. Following the completion of the transaction, the chief operating officer directly owned 197,874 shares in the company, valued at $6,177,626.28. The trade was a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 111,112 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $25.58, for a total value of $2,842,244.96. Following the sale, the chief executive officer directly owned 421,258 shares in the company, valued at $10,775,779.64. This represents a 20.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 614,002 shares of company stock worth $17,350,367 over the last three months. Company insiders own 52.89% of the company’s stock.

Rush Street Interactive Trading Down 0.9%

Shares of NYSE:RSI opened at $26.14 on Friday. Rush Street Interactive, Inc. has a twelve month low of $15.51 and a twelve month high of $34.53. The company’s 50 day moving average is $29.26 and its 200 day moving average is $25.40. The company has a market cap of $6.06 billion, a PE ratio of 90.13 and a beta of 1.59.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $393.78 million for the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. Equities research analysts predict that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

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.