Rush Street Interactive (NYSE:RSI) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Rush Street Interactive to “Hold” from “Buy,” although the broader analyst consensus remains “Moderate Buy” with a $35.22 price target.
• RSI reported quarterly revenue of $393.78 million, exceeding estimates of $367.75 million, while earnings per share matched expectations at $0.15; revenue increased 46.3% year over year.
• Company insiders sold approximately 614,000 shares worth $17.4 million over the past 90 days, including sales by the CEO and CFO under pre-arranged trading plans.

Rush Street Interactive (NYSE:RSI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

RSI has been the subject of a number of other research reports. Citigroup reaffirmed a "market outperform" rating on shares of Rush Street Interactive in a research note on Thursday, July 30th. Wells Fargo & Company increased their price objective on shares of Rush Street Interactive from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. Citizens Jmp raised 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 report on Thursday, July 30th. Needham & Company LLC boosted their target price on shares of Rush Street Interactive from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Finally, Benchmark boosted their target price on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $35.22.

Rush Street Interactive Stock Performance

NYSE:RSI opened at $26.60 on Friday. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 91.73 and a beta of 1.51. Rush Street Interactive has a 52 week low of $15.51 and a 52 week high of $34.53. The firm's 50-day simple moving average is $28.80 and its 200 day simple moving average is $25.73.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm had revenue of $393.78 million during the quarter, compared to analysts' expectations of $367.75 million. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The company's quarterly revenue was up 46.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. Sell-side analysts anticipate that Rush Street Interactive will post 0.49 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Richard Schwartz sold 111,112 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $28.02, for a total value of $3,113,358.24. Following the sale, the chief executive officer directly owned 421,258 shares in the company, valued at approximately $11,803,649.16. This trade represents a 20.87% decrease in their position. The transaction was disclosed in a document filed 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 company's stock in a transaction that occurred 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 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 614,000 shares of company stock valued at $17,394,492. 52.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in shares of Rush Street Interactive during the second quarter worth about $35,000. CoreCap Advisors LLC bought a new stake in shares of Rush Street Interactive in the second quarter worth $54,000. Allworth Financial LP acquired a new stake in Rush Street Interactive in the second quarter valued at $57,000. Kemnay Advisory Services Inc. bought a new position in Rush Street Interactive during the 4th quarter worth $47,000. Finally, Empowered Funds LLC acquired a new position in Rush Street Interactive during the 4th quarter worth about $55,000. Institutional investors own 24.78% of the company's stock.

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.

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