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

Hsbc Holdings PLC increased its holdings in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 212.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 310,800 shares of the company’s stock after acquiring an additional 211,378 shares during the quarter. Hsbc Holdings PLC’s holdings in Rush Street Interactive were worth $9,616,000 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. Global Retirement Partners LLC bought a new stake in Rush Street Interactive in the 2nd quarter valued at about $35,000. CoreCap Advisors LLC bought a new position in shares of Rush Street Interactive during the second quarter worth approximately $54,000. Allworth Financial LP acquired a new stake in shares of Rush Street Interactive in the second quarter valued at approximately $57,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $47,000. Finally, Empowered Funds LLC bought a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Insider Transactions at Rush Street Interactive

In other news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $26.65, for a total value of $612,950.00. Following the completion of the transaction, the chief financial officer owned 629,526 shares of the company’s stock, valued at approximately $16,776,867.90. This represents a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,112 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the completion of the sale, the chief executive officer owned 421,258 shares in the company, valued at approximately $11,803,649.16. The trade was a 20.87% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 614,000 shares of company stock valued at $17,394,492. 52.89% of the stock is currently owned by insiders.

Rush Street Interactive Stock Performance

Rush Street Interactive stock opened at $26.81 on Thursday. Rush Street Interactive, Inc. has a 52 week low of $15.51 and a 52 week high of $34.53. The stock has a market capitalization of $6.21 billion, a P/E ratio of 92.45 and a beta of 1.51. The stock has a fifty day moving average of $28.57 and a 200-day moving average of $25.99.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting 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 for the quarter, compared to analyst estimates of $367.75 million. During the same period last year, the firm posted $0.11 earnings per share. Rush Street Interactive’s revenue was up 46.3% compared to the same quarter last year. On average, research analysts forecast that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on RSI shares. New Street Research set a $35.00 price target on Rush Street Interactive in a research report on Thursday, July 23rd. Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday, July 30th. Weiss Ratings lowered Rush Street Interactive from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. upped their price target on shares of Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Wall Street Zen lowered shares of Rush Street Interactive from a “buy” rating to a “hold” rating in a research report on Saturday, September 5th. 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.