Hsbc Holdings PLC Boosts Holdings in Rush Street Interactive, Inc. $RSI

Hsbc Holdings PLC boosted its stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) by 35.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 99,422 shares of the company’s stock after purchasing an additional 26,061 shares during the period. Hsbc Holdings PLC’s holdings in Rush Street Interactive were worth $2,170,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Precision Wealth Strategies LLC purchased a new stake in shares of Rush Street Interactive in the fourth quarter worth about $1,680,000. UBS Group AG raised its position in Rush Street Interactive by 4.0% during the fourth quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock valued at $20,154,000 after acquiring an additional 40,232 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Rush Street Interactive by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after acquiring an additional 227,783 shares during the period. Jefferies Financial Group Inc. purchased a new stake in Rush Street Interactive in the 4th quarter worth approximately $2,053,000. Finally, William Blair Investment Management LLC increased its holdings 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 purchasing an additional 378,002 shares in the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Wall Street Analyst Weigh In

RSI has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Susquehanna increased their target price on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Citigroup restated an “outperform” rating on shares of Rush Street Interactive in a research report on Wednesday, July 8th. New Street Research set a $35.00 price target on Rush Street Interactive in a research note on Thursday. Finally, Oppenheimer increased their price target on Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday. One research 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. Based on data from MarketBeat, Rush Street Interactive currently has an average rating of “Moderate Buy” and an average target price of $33.11.

Rush Street Interactive Stock Up 0.3%

RSI opened at $31.41 on Friday. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 101.33 and a beta of 1.56. Rush Street Interactive, Inc. has a 52-week low of $14.70 and a 52-week high of $34.53. The firm’s fifty day simple moving average is $29.68 and its two-hundred day simple moving average is $23.97.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $370.36 million during the quarter, compared to analysts’ expectations of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The company’s quarterly revenue was up 41.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. On average, research analysts forecast that Rush Street Interactive, Inc. will post 0.5 EPS for the current year.

Insider Transactions at Rush Street Interactive

In other news, COO Mattias Stetz sold 74,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total value of $1,859,520.00. Following the transaction, the chief operating officer owned 237,874 shares in the company, valued at $5,937,335.04. This trade represents a 23.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Neil Bluhm sold 1,371,150 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total value of $34,223,904.00. The disclosure for this sale is available in the SEC filing. Insiders sold 3,052,328 shares of company stock worth $78,623,173 over the last three months. 52.89% of the stock is owned by insiders.

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.