SG Americas Securities LLC Buys 55,040 Shares of Rush Street Interactive, Inc. $RSI

SG Americas Securities LLC boosted its stake in Rush Street Interactive, Inc. (NYSE:RSI) by 20.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 322,374 shares of the company’s stock after buying an additional 55,040 shares during the period. SG Americas Securities LLC’s holdings in Rush Street Interactive were worth $7,012,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in RSI. Man Group plc grew its position in Rush Street Interactive by 0.7% during the second quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after buying an additional 654 shares in the last quarter. Cerity Partners LLC grew its stake in Rush Street Interactive by 4.6% during the fourth quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock worth $460,000 after buying an additional 1,042 shares in the last quarter. ProShare Advisors LLC grew its stake in Rush Street Interactive by 10.3% during the fourth quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock worth $325,000 after buying an additional 1,561 shares in the last quarter. Diversified Trust Co. lifted its holdings in shares of Rush Street Interactive by 6.7% during the 4th quarter. Diversified Trust Co. now owns 28,864 shares of the company’s stock worth $561,000 after acquiring an additional 1,815 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of 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 acquiring an additional 1,868 shares during the period. Institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

RSI has been the subject of several research analyst reports. Oppenheimer boosted their price objective on shares of Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Jefferies Financial Group lifted their price target on Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a research note on Wednesday, May 20th. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Citizens Jmp lifted their target price on shares of Rush Street Interactive from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 20th. 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.25.

Rush Street Interactive Price Performance

Rush Street Interactive stock opened at $31.57 on Friday. The stock’s 50 day moving average is $27.06 and its 200 day moving average is $22.15. Rush Street Interactive, Inc. has a one year low of $14.38 and a one year high of $31.65. The firm has a market cap of $7.35 billion, a P/E ratio of 101.85 and a beta of 1.58.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The business had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.82 million. During the same quarter in the prior year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. Equities analysts anticipate that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $25.63, for a total value of $512,600.00. Following the transaction, the chief operating officer owned 217,874 shares in the company, valued at $5,584,110.62. The trade was a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 47,222 shares of the company’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 sale, the chief executive officer directly owned 374,036 shares in the company, valued at $9,567,840.88. This trade represents a 11.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 3,111,241 shares of company stock worth $78,182,183. Corporate insiders own 52.89% of the company’s stock.

Rush Street Interactive 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.