Wellington Management Group LLP Takes $4.08 Million Position in Rush Street Interactive, Inc. $RSI

Wellington Management Group LLP bought a new position in Rush Street Interactive, Inc. (NYSE:RSI) in the second quarter, HoldingsChannel reports. The firm bought 137,254 shares of the company’s stock, valued at approximately $4,082,000.

A number of other hedge funds have also bought and sold shares of RSI. Global Retirement Partners LLC bought a new position in Rush Street Interactive during the 2nd quarter valued at about $35,000. CoreCap Advisors LLC purchased a new stake in Rush Street Interactive in the second quarter worth $54,000. Allworth Financial LP purchased a new stake in Rush Street Interactive in the second quarter worth $57,000. Kemnay Advisory Services Inc. bought a new stake in shares of Rush Street Interactive during the fourth quarter worth $47,000. Finally, Empowered Funds LLC bought a new stake in shares of Rush Street Interactive during the fourth quarter worth $55,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Trading Down 0.8%

Shares of Rush Street Interactive stock opened at $26.81 on Thursday. The firm has a market cap of $6.21 billion, a P/E ratio of 92.45 and a beta of 1.51. Rush Street Interactive, Inc. has a 12 month low of $15.51 and a 12 month high of $34.53. The stock’s fifty day moving average price is $28.57 and its 200-day moving average price is $25.99.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Needham & Company LLC upped their price target on shares of Rush Street Interactive from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings lowered shares of Rush Street Interactive from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. 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 research report on Thursday, July 23rd. Susquehanna upped their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.22.

Insider Activity

In related news, CEO Richard Schwartz sold 111,110 shares of Rush Street Interactive stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $25.69, for a total transaction of $2,854,415.90. Following the transaction, the chief executive officer directly owned 421,258 shares of the company’s stock, valued at $10,822,118.02. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $26.56, for a total transaction of $610,880.00. Following the transaction, the chief financial officer directly owned 606,526 shares in the company, valued at approximately $16,109,330.56. The trade was a 3.65% decrease in their ownership of the stock. 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 quarter, insiders sold 614,000 shares of company stock worth $17,394,492. 52.89% of the stock is currently owned by corporate insiders.

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.