Globeflex Capital L P Makes New $7.88 Million Investment in Rush Street Interactive, Inc. $RSI

Globeflex Capital L P acquired a new stake in Rush Street Interactive, Inc. (NYSE:RSI) in the second quarter, HoldingsChannel.com reports. The firm acquired 264,840 shares of the company’s stock, valued at approximately $7,876,000. Rush Street Interactive makes up about 1.0% of Globeflex Capital L P’s investment portfolio, making the stock its 21st largest position.

Several other large investors have also modified their holdings of RSI. LM Advisors LLC acquired a new stake in shares of Rush Street Interactive in the second quarter valued at approximately $387,000. Quantbot Technologies LP acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at $98,000. William Blair Investment Management LLC acquired a new position in shares of Rush Street Interactive in the 2nd quarter valued at $48,647,000. Landscape Capital Management L.L.C. purchased a new stake in Rush Street Interactive in the 2nd quarter valued at $12,344,000. Finally, Ieq Capital LLC purchased a new stake in Rush Street Interactive in the 2nd quarter valued at $2,114,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total value of $585,120.00. Following the sale, the chief financial officer 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 sale was disclosed in a document filed 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 Todd Schwartz sold 111,112 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $25.58, for a total value of $2,842,244.96. Following the transaction, the chief executive officer owned 421,258 shares in the company, valued at $10,775,779.64. The trade was a 20.87% decrease in their position. 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. Insiders have sold a total of 614,002 shares of company stock worth $17,350,367 over the last ninety days. 52.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

RSI has been the topic of several research reports. Citigroup reissued a “market outperform” rating on shares of Rush Street Interactive in a research report on Thursday, July 30th. Needham & Company LLC upped 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. Oppenheimer increased their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings lowered Rush Street Interactive from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Finally, Citizens Jmp boosted their price target on 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. One equities 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 stock. According to MarketBeat, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average target price of $35.22.

Rush Street Interactive Price Performance

NYSE:RSI opened at $25.70 on Monday. The firm’s fifty day moving average price is $29.49 and its 200 day moving average price is $25.14. Rush Street Interactive, Inc. has a 1-year low of $15.51 and a 1-year high of $34.53. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 88.62 and a beta of 1.59.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The company 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. Rush Street Interactive’s quarterly revenue was up 46.3% on a year-over-year basis. As a group, analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current fiscal year.

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.