Hsbc Holdings PLC Purchases Shares of 310,800 Rush Street Interactive, Inc. $RSI

Hsbc Holdings PLC acquired a new position in Rush Street Interactive, Inc. (NYSE:RSI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 310,800 shares of the company’s stock, valued at approximately $9,616,000. Hsbc Holdings PLC owned 0.13% of Rush Street Interactive as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of Rush Street Interactive during the second quarter valued at approximately $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 Rush Street Interactive in the fourth quarter valued at $47,000. Finally, Empowered Funds LLC purchased a new position in Rush Street Interactive during the 4th quarter valued at $55,000. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive Trading Up 0.8%

Shares of Rush Street Interactive stock opened at $26.40 on Friday. The firm has a market capitalization of $6.12 billion, a P/E ratio of 91.04 and a beta of 1.59. The business has a fifty day simple moving average of $29.21 and a two-hundred day simple moving average of $25.40. Rush Street Interactive, Inc. has a 12 month low of $15.51 and a 12 month high of $34.53.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting analysts’ consensus estimates of $0.15. The firm 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%. The company’s quarterly revenue was up 46.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 EPS. Analysts predict that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RSI shares. New Street Research set a $35.00 target price on shares of Rush Street Interactive in a research report on Thursday, July 23rd. Benchmark increased their price target on shares of Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Citizens Jmp increased their price target on shares of Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on shares of Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Wells Fargo & Company lifted their price objective on Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. One investment 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.22.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction that occurred 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 owned 197,874 shares of the company’s stock, valued at approximately $6,177,626.28. This trade represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 111,112 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $25.58, for a total transaction of $2,842,244.96. Following the transaction, the chief executive officer directly owned 421,258 shares of the company’s stock, valued at $10,775,779.64. This represents a 20.87% decrease in their position. 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 a total of 614,002 shares of company stock valued at $17,350,367 in the last three months. Company 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.