Ieq Capital LLC Buys Shares of 71,073 Rush Street Interactive, Inc. $RSI

Ieq Capital LLC bought a new position in Rush Street Interactive, Inc. (NYSE:RSI) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 71,073 shares of the company’s stock, valued at approximately $2,114,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System raised its holdings in shares of Rush Street Interactive by 5.2% in the first quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock valued at $184,000 after acquiring an additional 419 shares in the last quarter. Man Group plc grew its holdings in Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock worth $1,334,000 after acquiring an additional 654 shares in the last quarter. Cerity Partners LLC grew its holdings in Rush Street Interactive by 4.6% during the 4th quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock worth $460,000 after acquiring an additional 1,042 shares in the last quarter. Global Retirement Partners LLC purchased a new position in Rush Street Interactive during the 2nd quarter valued at about $35,000. Finally, ProShare Advisors LLC increased its position in Rush Street Interactive by 10.3% during the 4th quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock valued at $325,000 after purchasing an additional 1,561 shares during the period. Institutional investors own 24.78% of the company’s stock.

Insider Activity

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 111,112 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.02, for a total value of $3,113,358.24. Following the completion of the sale, the chief executive officer directly owned 421,258 shares in the company, valued at $11,803,649.16. This trade represents a 20.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $28.03, for a total transaction of $560,600.00. Following the completion of the transaction, the chief operating officer directly owned 177,874 shares in the company, valued at $4,985,808.22. This represents a 10.11% 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. Over the last three months, insiders sold 614,002 shares of company stock worth $17,350,367. 52.89% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on RSI. Oppenheimer boosted their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Weiss Ratings lowered shares of Rush Street Interactive from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Susquehanna boosted their price objective 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. Benchmark upped their target price on Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Finally, Citizens Jmp increased their target price on Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $35.22.

Rush Street Interactive Stock Performance

RSI stock opened at $26.09 on Wednesday. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 89.97 and a beta of 1.59. The firm has a 50-day simple moving average of $29.36 and a two-hundred day simple moving average of $25.27. Rush Street Interactive, Inc. has a one year low of $15.51 and a one year high of $34.53.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting 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 business had revenue of $393.78 million for the quarter, compared to analysts’ expectations of $367.75 million. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 46.3% compared to the same quarter last year. As a group, equities analysts predict that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

About Rush Street Interactive

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.