Great Lakes Advisors LLC Takes $2.53 Million Position in Rush Street Interactive, Inc. $RSI

Great Lakes Advisors LLC acquired a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 84,995 shares of the company’s stock, valued at approximately $2,528,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC purchased a new position in shares of Rush Street Interactive during the second quarter worth approximately $35,000. Kemnay Advisory Services Inc. bought a new position in shares of Rush Street Interactive during the fourth quarter valued at about $47,000. CoreCap Advisors LLC purchased a new position in shares of Rush Street Interactive in the second quarter worth about $54,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive in the fourth quarter worth about $55,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares during the period. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Up 0.4%

Rush Street Interactive stock opened at $25.70 on Friday. Rush Street Interactive, Inc. has a 52-week low of $15.51 and a 52-week high of $34.53. The company has a market cap of $5.96 billion, a P/E ratio of 88.62 and a beta of 1.59. The business has a 50-day simple moving average of $29.49 and a two-hundred day simple moving average of $25.09.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate 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 business’s quarterly revenue was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.11 EPS. Research analysts anticipate that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total value of $585,120.00. Following the completion of the sale, the chief financial officer owned 631,258 shares in the company, valued at approximately $16,059,203.52. This represents a 3.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through 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 the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total value of $624,400.00. Following the sale, the chief operating officer directly owned 197,874 shares in the company, valued at approximately $6,177,626.28. This represents a 9.18% 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. Insiders have sold 614,002 shares of company stock valued at $17,350,367 over the last quarter. 52.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

RSI has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $39.00 price target on shares of Rush Street Interactive in a research report on Thursday, July 30th. Oppenheimer upped their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday, July 30th. Wells Fargo & Company boosted their price objective on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, New Street Research set a $35.00 price objective on shares of Rush Street Interactive in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.22.

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.