William Blair Investment Management LLC Buys Shares of 1,635,734 Rush Street Interactive, Inc. $RSI

William Blair Investment Management LLC purchased a new stake in Rush Street Interactive, Inc. (NYSE:RSI) during the second quarter, Holdings Channel.com reports. The firm purchased 1,635,734 shares of the company’s stock, valued at approximately $48,647,000.

Several other large investors have also recently made changes to their positions in RSI. Global Retirement Partners LLC purchased a new stake in shares of Rush Street Interactive during the 2nd quarter worth $35,000. Kemnay Advisory Services Inc. purchased a new position in Rush Street Interactive in the fourth quarter valued at about $47,000. CoreCap Advisors LLC purchased a new position in Rush Street Interactive in the second quarter valued at about $54,000. Empowered Funds LLC bought a new position in Rush Street Interactive in the fourth quarter worth about $55,000. Finally, Allworth Financial LP bought a new position in Rush Street Interactive in the second quarter worth about $57,000. 24.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RSI shares. Jefferies Financial Group restated a “buy” rating and issued a $39.00 price target on shares of Rush Street Interactive in a report on Thursday, July 30th. Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. Susquehanna increased their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company a “positive” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Benchmark raised their target price on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. One 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.22.

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $25.70 on Friday. The business’s 50-day moving average is $29.49 and its 200 day moving average is $25.09. Rush Street Interactive, Inc. has a 1 year low of $15.51 and a 1 year high of $34.53. The firm has a market capitalization of $5.96 billion, a P/E ratio of 88.62 and a beta of 1.59.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The business had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. During the same quarter last year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 46.3% on a year-over-year basis. On average, analysts expect that Rush Street Interactive, Inc. will post 0.49 EPS for the current year.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the business’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 sale, the chief operating officer owned 197,874 shares of the company’s stock, valued at approximately $6,177,626.28. The trade was a 9.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $25.44, for a total transaction of $585,120.00. Following the transaction, the chief financial officer owned 631,258 shares in the company, valued at $16,059,203.52. The trade was a 3.52% 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 614,002 shares of company stock valued at $17,350,367 in the last three months. 52.89% of the stock is 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.