Man Group plc Invests $4.87 Million in Rush Street Interactive, Inc. $RSI

Man Group plc acquired a new stake in Rush Street Interactive, Inc. (NYSE:RSI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 163,605 shares of the company’s stock, valued at approximately $4,866,000. Man Group plc owned about 0.07% of Rush Street Interactive as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in RSI. BlackRock Inc. acquired a new position in Rush Street Interactive in the second quarter valued at approximately $448,435,000. Vanguard Group Inc. raised its holdings 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 purchasing an additional 227,783 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Rush Street Interactive by 1.3% during the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock worth $92,592,000 after purchasing an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Rush Street Interactive by 763.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after buying an additional 2,496,109 shares during the last quarter. Finally, 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 worth $60,121,000 after buying an additional 1,267,622 shares during the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Price Performance

Shares of NYSE:RSI opened at $26.40 on Monday. The stock has a market cap of $6.12 billion, a P/E ratio of 91.04 and a beta of 1.59. The firm has a fifty day moving average price of $29.21 and a 200 day moving average price of $25.46. 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 posted 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 return on equity of 18.88% and a net margin of 2.33%.The firm had revenue of $393.78 million during the quarter, compared to the consensus estimate of $367.75 million. During the same period in the prior year, the business earned $0.11 EPS. The firm’s revenue was up 46.3% compared to the same quarter last year. Sell-side analysts expect that Rush Street Interactive, Inc. will post 0.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RSI. Citizens Jmp increased their target price 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. Benchmark upped their price objective on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Wells Fargo & Company raised their price objective on Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Citigroup reissued a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday, July 30th. Finally, Weiss Ratings cut Rush Street Interactive from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.22.

Insider Activity

In other news, CEO Richard Todd Schwartz sold 111,112 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $31.21, for a total value of $3,467,805.52. Following the completion of the sale, the chief executive officer owned 421,258 shares in the company, valued at approximately $13,147,462.18. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $28.03, for a total transaction of $560,600.00. Following the completion of the sale, the chief operating officer owned 177,874 shares of the company’s stock, valued at $4,985,808.22. This trade represents a 10.11% 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 90 days, insiders have sold 435,668 shares of company stock valued at $12,787,583. Corporate insiders own 52.89% of the company’s stock.

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.