Nicholas Investment Partners LP Invests $16.79 Million in Rush Street Interactive, Inc. $RSI

Nicholas Investment Partners LP acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 564,544 shares of the company’s stock, valued at approximately $16,790,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Rush Street Interactive in the 2nd quarter worth approximately $448,435,000. Ameriprise Financial Inc. increased its stake in shares of Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after purchasing an additional 2,496,109 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Rush Street Interactive in the second quarter worth $48,647,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Rush Street Interactive by 84.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock worth $60,121,000 after purchasing an additional 1,267,622 shares in the last quarter. Finally, Cooper Creek Partners Management LLC bought a new stake in shares of Rush Street Interactive during the 1st quarter valued at $24,874,000. 24.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RSI. Jefferies Financial Group restated a “buy” rating and set a $39.00 target price on shares of Rush Street Interactive in a research note on Thursday, July 30th. Citizens Jmp increased their price target on Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. Wells Fargo & Company raised their price target on 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 Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, Oppenheimer upped their price objective on Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.22.

Insider Buying and Selling at Rush Street Interactive

In other news, 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 value of $612,950.00. Following the completion of the sale, the chief financial officer directly owned 629,526 shares of the company’s stock, valued at $16,776,867.90. This trade represents a 3.52% 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, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.03, for a total value of $560,600.00. Following the transaction, the chief operating officer directly owned 177,874 shares in the company, valued at approximately $4,985,808.22. This represents a 10.11% 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 a total of 614,002 shares of company stock valued at $17,350,367 over the last quarter. 52.89% of the stock is owned by corporate insiders.

Rush Street Interactive Stock Performance

RSI stock opened at $26.45 on Tuesday. The firm has a fifty day moving average price of $29.42 and a 200 day moving average price of $25.21. Rush Street Interactive, Inc. has a fifty-two week low of $15.51 and a fifty-two week high of $34.53. The firm has a market cap of $6.13 billion, a PE ratio of 91.20 and a beta of 1.59.

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

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.