Man Group plc Takes Position in Rush Street Interactive, Inc. $RSI

Man Group plc purchased a new stake in Rush Street Interactive, Inc. (NYSE:RSI) during the second quarter, HoldingsChannel.com reports. The firm purchased 163,605 shares of the company’s stock, valued at approximately $4,866,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in Rush Street Interactive in the second quarter worth $35,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive during the 4th quarter worth $47,000. CoreCap Advisors LLC acquired a new position in shares of Rush Street Interactive during the 2nd quarter worth $54,000. Empowered Funds LLC acquired a new position in shares of Rush Street Interactive during the 4th quarter worth $55,000. Finally, Allworth Financial LP purchased a new position in shares of Rush Street Interactive in the 2nd quarter valued at about $57,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Stock Down 0.0%

NYSE:RSI opened at $26.40 on Monday. The company has a market capitalization of $6.12 billion, a PE ratio of 91.04 and a beta of 1.59. Rush Street Interactive, Inc. has a 52-week low of $15.51 and a 52-week high of $34.53. The stock has a fifty day simple moving average of $29.21 and a 200-day simple moving average of $25.46.

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

Analyst Ratings Changes

Several analysts recently commented on RSI shares. New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a research note on Thursday, July 23rd. Wells Fargo & Company increased their target price on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Benchmark lifted their price target 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. Finally, Citigroup reissued 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 assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average target price of $35.22.

Insider Buying and Selling at Rush Street Interactive

In other news, insider Paul Wierbicki sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $30.12, for a total transaction of $301,200.00. Following the completion of the transaction, the insider directly owned 93,256 shares of the company’s stock, valued at $2,808,870.72. This trade represents a 9.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $26.65, for a total transaction of $612,950.00. Following the transaction, the chief financial officer directly owned 629,526 shares of the company’s stock, valued at approximately $16,776,867.90. This trade represents a 3.52% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 435,668 shares of company stock worth $12,787,583. 52.89% of the stock is currently owned by insiders.

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.