Hsbc Holdings PLC Invests $9.62 Million in Rush Street Interactive, Inc. $RSI

Hsbc Holdings PLC purchased a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 310,800 shares of the company’s stock, valued at approximately $9,616,000.

Several other large investors have also recently modified their holdings of the stock. Global Retirement Partners LLC bought a new position in Rush Street Interactive in the 2nd quarter worth about $35,000. CoreCap Advisors LLC purchased a new stake in Rush Street Interactive during the 2nd quarter valued at about $54,000. Allworth Financial LP bought a new stake in Rush Street Interactive during the 2nd quarter valued at about $57,000. Kemnay Advisory Services Inc. bought a new stake in Rush Street Interactive during the 4th quarter valued at about $47,000. Finally, Empowered Funds LLC purchased a new position in Rush Street Interactive in the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI opened at $26.40 on Friday. 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 50-day simple moving average of $29.21 and a two-hundred day simple moving average of $25.40. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 91.04 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 for the quarter, meeting 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 return on equity of 18.88% and a net margin of 2.33%.The company’s revenue was up 46.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. As a group, research analysts predict that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on RSI shares. JPMorgan Chase & Co. upped their target price on shares of Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Citizens Jmp raised their price target on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating and issued a $39.00 price objective on shares of Rush Street Interactive in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings downgraded Rush Street Interactive from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. One equities research 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.22.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $26.65, for a total value of $612,950.00. Following the transaction, the chief financial officer directly owned 629,526 shares of the company’s stock, valued at approximately $16,776,867.90. This trade represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $30.12, for a total value of $301,200.00. Following the sale, the insider owned 93,256 shares of the company’s stock, valued at approximately $2,808,870.72. This represents a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 614,002 shares of company stock worth $17,350,367 in the last three months. 52.89% of the stock is owned by insiders.

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.