Hillsdale Investment Management Inc. Invests $7.87 Million in Rush Street Interactive, Inc. $RSI

Hillsdale Investment Management Inc. acquired a new stake in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 361,900 shares of the company’s stock, valued at approximately $7,871,000.

A number of other large investors also recently modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in Rush Street Interactive in the 4th quarter worth approximately $47,000. Empowered Funds LLC bought a new position in Rush Street Interactive during the fourth quarter valued at approximately $55,000. Osaic Holdings Inc. grew its position in Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after acquiring an additional 1,868 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Rush Street Interactive during the second quarter worth approximately $90,000. Finally, US Bancorp DE purchased a new position in shares of Rush Street Interactive during the third quarter worth approximately $115,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Stock Performance

Shares of RSI stock opened at $34.33 on Tuesday. Rush Street Interactive, Inc. has a fifty-two week low of $14.38 and a fifty-two week high of $34.38. The stock has a 50 day moving average price of $28.79 and a two-hundred day moving average price of $23.17. The company has a market capitalization of $7.99 billion, a P/E ratio of 110.74 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.82 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business’s quarterly revenue was up 41.1% compared to the same quarter last year. As a group, equities analysts predict that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RSI. Oppenheimer boosted their price objective on shares of Rush Street Interactive from $25.00 to $30.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Benchmark lifted their target price on shares of Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company lifted their target price on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Citigroup reissued an “outperform” rating on shares of Rush Street Interactive in a research note on Wednesday, July 8th. Finally, Wall Street Zen lowered shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. One 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 company. Based on data from MarketBeat.com, Rush Street Interactive presently has an average rating of “Moderate Buy” and a consensus price target of $29.62.

Insider Activity

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total transaction of $624,400.00. Following the completion of the sale, the chief operating officer owned 197,874 shares of the company’s stock, valued at $6,177,626.28. This represents a 9.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $31.53, for a total transaction of $725,190.00. Following the completion of the sale, the chief financial officer directly owned 652,526 shares in the company, valued at approximately $20,574,144.78. This trade represents a 3.40% 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. Over the last quarter, insiders have sold 3,162,379 shares of company stock valued at $81,133,020. 52.89% of the stock is owned by corporate insiders.

Rush Street Interactive Company 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.