Rush Street Interactive, Inc. $RSI Shares Acquired by First Trust Advisors LP

First Trust Advisors LP lifted its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 11.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 412,070 shares of the company’s stock after buying an additional 42,548 shares during the quarter. First Trust Advisors LP’s holdings in Rush Street Interactive were worth $8,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of RSI. New York State Teachers Retirement System increased its stake in Rush Street Interactive by 5.2% in the 1st quarter. New York State Teachers Retirement System now owns 8,441 shares of the company’s stock valued at $184,000 after buying an additional 419 shares during the period. Man Group plc lifted its stake in shares of Rush Street Interactive by 0.7% in 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 during the period. Cerity Partners LLC boosted its holdings in shares of Rush Street Interactive by 4.6% in the fourth quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock valued at $460,000 after acquiring an additional 1,042 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of Rush Street Interactive by 10.3% in the fourth quarter. ProShare Advisors LLC now owns 16,740 shares of the company’s stock valued at $325,000 after acquiring an additional 1,561 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in shares of Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after acquiring an additional 1,868 shares during the period. 24.78% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Rush Street Interactive

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

Rush Street Interactive Stock Up 0.6%

Shares of RSI stock opened at $26.91 on Friday. The stock has a market cap of $6.26 billion, a P/E ratio of 92.79 and a beta of 1.56. Rush Street Interactive, Inc. has a fifty-two week low of $15.51 and a fifty-two week high of $34.53. The business has a fifty day simple moving average of $29.87 and a 200-day simple moving average of $24.32.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, meeting the consensus estimate 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 analyst estimates of $367.75 million. During the same period in the prior year, the business earned $0.11 earnings per share. The company’s quarterly revenue was up 46.3% on a year-over-year basis. On average, sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.5 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $31.53, for a total value of $725,190.00. Following the completion of the transaction, the chief financial officer owned 652,526 shares of the company’s stock, valued at approximately $20,574,144.78. The trade was a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 47,222 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total transaction of $1,473,798.62. Following the sale, the chief executive officer owned 374,036 shares in the company, valued at approximately $11,673,663.56. This trade represents a 11.21% 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 have sold 2,708,993 shares of company stock valued at $69,135,460 over the last three months. Insiders own 52.89% of the company’s stock.

Analyst Ratings Changes

RSI has been the subject of several analyst reports. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company boosted their target price on Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup reissued a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a $39.00 price objective on shares of Rush Street Interactive in a report on Thursday. Finally, Oppenheimer raised their target price on Rush Street Interactive from $30.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, July 24th. One equities research 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 company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $35.22.

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.