Sei Investments Co. Boosts Stock Position in Rush Street Interactive, Inc. $RSI

Sei Investments Co. lifted its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 28.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 426,122 shares of the company’s stock after purchasing an additional 93,820 shares during the quarter. Sei Investments Co.’s holdings in Rush Street Interactive were worth $9,268,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new stake in Rush Street Interactive in the 4th quarter valued at about $47,000. Empowered Funds LLC purchased a new stake in shares of Rush Street Interactive during the 4th quarter worth approximately $55,000. Osaic Holdings Inc. lifted its position in Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after acquiring an additional 1,868 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Rush Street Interactive in the 2nd quarter valued at about $90,000. Finally, US Bancorp DE purchased a new stake in Rush Street Interactive in the third quarter valued at approximately $115,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RSI. Oppenheimer increased their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a research note on Thursday, July 23rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Rush Street Interactive in a report on Thursday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rush Street Interactive in a research note on Monday, July 6th. Finally, Citigroup restated a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and an average target price of $35.22.

Rush Street Interactive News Summary

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Strong Q2 performance and higher guidance: RSI reported second-quarter revenue of approximately $393.8 million, up 46.3% year over year, while adjusted earnings of $0.15 per share matched estimates and improved from $0.11 a year earlier. Management projected 2026 revenue of $1.56 billion to $1.60 billion, supported by growth in online casino and the Alberta launch. Rush Street Interactive Announces Second Quarter 2026 Results and Raises Full Year Guidance
• Positive Sentiment: Casino-first strategy is gaining traction: Coverage highlights record revenue and adjusted EBITDA growth as the company relies more heavily on its online casino business, which has helped offset slower sportsbook momentum. Rush Street’s Casino-First Strategy Pays Off as Sportsbooks Slow
• Positive Sentiment: Analysts raised targets: Wells Fargo increased its target from $35 to $36 and maintained an “overweight” rating, while Citizens JMP raised its target from $33 to $34 and kept a “market outperform” rating. These targets imply substantial upside and reinforce improving confidence in RSI’s growth outlook. Analyst Price Target Updates
• Positive Sentiment: Additional market opportunity: A CFTC filing reportedly keeps RSI’s options open to participate in prediction markets, potentially creating a new growth avenue if regulations permit. Rush Street Keeps Prediction Market Options Open With CFTC Filing
• Neutral Sentiment: Broader commentary views gambling companies as attractive for resilient demand and pricing power, but also flags regulatory, litigation and ESG risks. RSI’s elevated valuation and sportsbook slowdown remain considerations for investors. Sin Stocks: Why Investors Continue to Bet on Controversial Companies

Insider Activity

In other news, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total value of $624,400.00. Following the sale, the chief operating officer owned 197,874 shares of the company’s stock, valued at $6,177,626.28. The trade was a 9.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $30.12, for a total transaction of $301,200.00. Following the transaction, the insider owned 93,256 shares in the company, valued at approximately $2,808,870.72. This trade represents a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,708,993 shares of company stock worth $69,135,460 in the last ninety days. 52.89% of the stock is currently owned by insiders.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $26.91 on Friday. The stock has a fifty day moving average price of $29.87 and a 200 day moving average price of $24.32. Rush Street Interactive, Inc. has a 1-year low of $15.51 and a 1-year high of $34.53. The company has a market cap of $6.26 billion, a PE ratio of 92.79 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $393.78 million for the quarter, compared to analysts’ expectations of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. Rush Street Interactive’s revenue was up 46.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 EPS. Analysts anticipate that Rush Street Interactive, Inc. will post 0.5 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.