The Manufacturers Life Insurance Company Makes New Investment in Rush Street Interactive, Inc. $RSI

The Manufacturers Life Insurance Company bought a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) in the second quarter, Holdings Channel reports. The fund bought 52,299 shares of the company’s stock, valued at approximately $1,555,000.

Several other institutional investors and hedge funds have also modified their holdings of RSI. BlackRock Inc. bought a new position in Rush Street Interactive during the second quarter worth about $448,435,000. Ameriprise Financial Inc. boosted its holdings in Rush Street Interactive by 763.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after purchasing an additional 2,496,109 shares during the period. William Blair Investment Management LLC bought a new stake in Rush Street Interactive in the 2nd quarter valued at about $48,647,000. Arrowstreet Capital Limited Partnership grew 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 purchasing an additional 1,267,622 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of Rush Street Interactive during the 1st quarter worth approximately $24,874,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Stock Up 1.8%

Shares of Rush Street Interactive stock opened at $26.64 on Friday. Rush Street Interactive, Inc. has a 12-month low of $15.51 and a 12-month high of $34.53. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 91.87 and a beta of 1.51. The firm’s 50-day moving average price is $28.90 and its two-hundred day moving average price is $25.73.

Rush Street Interactive (NYSE:RSI) last issued its earnings results 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 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 analysts’ expectations of $367.75 million. During the same period in the previous year, the company earned $0.11 EPS. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. On average, sell-side analysts expect that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Insider Activity at Rush Street Interactive

In related news, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total value of $624,400.00. Following the transaction, the chief operating officer directly owned 197,874 shares of the company’s stock, valued at $6,177,626.28. This trade represents a 9.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $26.65, for a total transaction of $612,950.00. Following 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. 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 614,000 shares of company stock valued at $17,394,492 over the last three months. 52.89% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on RSI shares. Benchmark raised their target price on shares of Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. New Street Research set a $35.00 price target on Rush Street Interactive in a research note on Thursday, July 23rd. Wells Fargo & Company increased their price target on Rush Street Interactive from $35.00 to $36.00 and gave the stock an “overweight” rating 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 research note on Tuesday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Rush Street Interactive in a report on Thursday, July 30th. 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’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $35.22.

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.