Rush Street Interactive, Inc. $RSI is Prospect Capital Advisors LLC’s 6th Largest Position

Prospect Capital Advisors LLC grew its holdings in Rush Street Interactive, Inc. (NYSE:RSI) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 482,500 shares of the company’s stock after acquiring an additional 40,050 shares during the period. Rush Street Interactive comprises approximately 5.8% of Prospect Capital Advisors LLC’s portfolio, making the stock its 6th largest position. Prospect Capital Advisors LLC’s holdings in Rush Street Interactive were worth $10,494,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RSI. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at $47,000. Empowered Funds LLC acquired a new position in Rush Street Interactive during the 4th quarter worth $55,000. Osaic Holdings Inc. grew its stake in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Rush Street Interactive during the 2nd quarter worth about $90,000. Finally, US Bancorp DE purchased a new stake in Rush Street Interactive during the 3rd quarter worth about $115,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Price Performance

NYSE:RSI opened at $26.91 on Friday. The firm has a market capitalization of $6.26 billion, a PE ratio of 92.79 and a beta of 1.56. The business’s fifty day moving average price is $29.87 and its 200 day moving average price is $24.32. 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 quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The company had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.Rush Street Interactive’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. As a group, equities analysts anticipate that Rush Street Interactive, Inc. will post 0.5 EPS for the current year.

Key Headlines 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

Wall Street Analyst Weigh In

RSI has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday. Susquehanna boosted their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Rush Street Interactive in a research note on Monday, July 6th. Citizens Jmp raised their target price on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, Benchmark lifted 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. One research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $35.22.

Insiders Place Their Bets

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $31.53, for a total value of $725,190.00. Following the transaction, the chief financial officer directly owned 652,526 shares in the company, valued at $20,574,144.78. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 directly owned 374,036 shares in the company, valued at approximately $11,673,663.56. The trade was a 11.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,708,993 shares of company stock worth $69,135,460 over the last 90 days. 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.