Legal & General Group Plc Purchases New Stake in Rush Street Interactive, Inc. $RSI

Legal & General Group Plc acquired a new position in shares of Rush Street Interactive, Inc. (NYSE:RSI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 236,737 shares of the company’s stock, valued at approximately $7,044,000. Legal & General Group Plc owned 0.10% of Rush Street Interactive as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new stake in shares of Rush Street Interactive in the second quarter valued at approximately $35,000. CoreCap Advisors LLC acquired a new position in Rush Street Interactive during the second quarter worth about $54,000. Allworth Financial LP bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth approximately $57,000. Kemnay Advisory Services Inc. acquired a new stake in Rush Street Interactive during the 4th quarter worth about $47,000. Finally, Empowered Funds LLC acquired a new stake in shares of Rush Street Interactive during the fourth quarter valued at approximately $55,000. 24.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Mattias Stetz sold 20,000 shares of the firm’s stock in a transaction 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 sale, the chief operating officer owned 197,874 shares in the company, valued at approximately $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 accessible through this hyperlink. 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 on Monday, August 3rd. The stock was sold at an average price of $26.65, for a total transaction of $612,950.00. Following the transaction, the chief financial officer directly owned 629,526 shares in the company, valued at $16,776,867.90. This trade represents a 3.52% 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 sold 412,668 shares of company stock valued at $12,202,463. Corporate insiders own 52.89% of the company’s stock.

Rush Street Interactive Price Performance

Shares of RSI opened at $26.26 on Thursday. The company has a market capitalization of $6.09 billion, a PE ratio of 90.54 and a beta of 1.51. The company’s fifty day moving average price is $28.97 and its 200 day moving average price is $25.65. Rush Street Interactive, Inc. has a one year low of $15.51 and a one 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 earnings per share for the quarter, hitting 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 business had revenue of $393.78 million during the quarter, compared to analysts’ expectations of $367.75 million. During the same quarter in the previous year, the firm earned $0.11 EPS. The firm’s revenue was up 46.3% compared to the same quarter last year. Analysts anticipate that Rush Street Interactive, Inc. will post 0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on RSI shares. Wells Fargo & Company upped their price objective on shares of Rush Street Interactive from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Susquehanna boosted their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. Citizens Jmp upped their price target on shares of Rush Street Interactive from $33.00 to $34.00 and gave the stock a “market outperform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. increased their price objective on Rush Street Interactive from $26.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. 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 assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and an average price target of $35.22.

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.