Royal Bank of Canada Has $328,000 Holdings in Rush Street Interactive, Inc. $RSI

Royal Bank of Canada trimmed its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 69.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,060 shares of the company’s stock after selling 34,712 shares during the quarter. Royal Bank of Canada’s holdings in Rush Street Interactive were worth $328,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Rush Street Interactive by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after buying an additional 227,783 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Rush Street Interactive by 1.3% in the 2nd quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after acquiring an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Rush Street Interactive by 763.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after acquiring an additional 2,496,109 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Rush Street Interactive by 84.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock valued at $60,121,000 after acquiring an additional 1,267,622 shares during the period. Finally, William Blair Investment Management LLC lifted its position in shares of Rush Street Interactive by 17.3% during the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock valued at $49,698,000 after acquiring an additional 378,002 shares during the period. Institutional investors and hedge funds own 24.78% of the company’s stock.

Wall Street Analysts Forecast Growth

RSI has been the topic of several analyst reports. Benchmark increased their target price on Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday, July 30th. Susquehanna increased their price objective on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock a “positive” rating in a research note on Wednesday, July 29th. Needham & Company LLC raised their target price on shares of Rush Street Interactive from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Oppenheimer boosted their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.22.

Insider Activity

In related news, CEO Richard Todd Schwartz sold 111,112 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $25.58, for a total transaction of $2,842,244.96. Following the sale, the chief executive officer owned 421,258 shares of the company’s stock, valued at $10,775,779.64. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 dated 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 transaction, the chief financial officer directly owned 631,258 shares of the company’s stock, valued at approximately $16,059,203.52. The trade was a 3.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 614,002 shares of company stock worth $17,350,367. Insiders own 52.89% of the company’s stock.

Rush Street Interactive Trading Down 0.9%

RSI opened at $26.14 on Friday. The company has a market cap of $6.06 billion, a P/E ratio of 90.13 and a beta of 1.59. The company’s 50 day moving average is $29.26 and its 200-day moving average is $25.40. Rush Street Interactive, Inc. has a 1-year low of $15.51 and a 1-year high of $34.53.

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

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.