Rush Street Interactive (NYSE:RSI) Stock Price Target Lowered at Citizens Jmp

Key Points

• Citizens JMP lowered Rush Street Interactive’s price target from $34 to $24 while maintaining a “market outperform” rating, implying roughly 69% upside from the reported $14.19 share price.
• RSI reported quarterly earnings of $0.15 per share, beating the $0.13 consensus, while revenue rose 38.8% year over year to $385.85 million but slightly missed estimates.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and average price target of $27.83, although several firms have recently reduced their targets amid more cautious near-term expectations.

Rush Street Interactive (NYSE:RSI - Get Free Report) had its price objective cut by equities researchers at Citizens Jmp from $34.00 to $24.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a "market outperform" rating on the stock. Citizens Jmp's price objective would indicate a potential upside of 69.19% from the stock's current price.

Other research analysts have also issued reports about the company. Wall Street Zen lowered Rush Street Interactive from a "buy" rating to a "hold" rating in a report on Saturday, October 17th. Susquehanna cut their price target on Rush Street Interactive from $37.00 to $27.00 and set a "positive" rating on the stock in a report on Friday, October 9th. Wells Fargo & Company decreased their price objective on Rush Street Interactive from $36.00 to $26.00 and set an "overweight" rating for the company in a research note on Thursday. Citigroup reiterated a "market outperform" rating on shares of Rush Street Interactive in a research note on Thursday. Finally, Barclays started coverage on shares of Rush Street Interactive in a report on Friday, October 23rd. They set an "overweight" rating and a $24.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $27.83.

Rush Street Interactive Stock Down 6.2%

Shares of NYSE:RSI traded down $0.94 during trading on Thursday, reaching $14.19. 3,676,219 shares of the company traded hands, compared to its average volume of 2,526,674. The firm has a fifty day simple moving average of $22.03 and a 200 day simple moving average of $23.80. The firm has a market cap of $3.29 billion, a P/E ratio of 48.79 and a beta of 1.71. Rush Street Interactive has a 1-year low of $13.57 and a 1-year high of $34.53.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.02. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%. The firm had revenue of $385.85 million for the quarter, compared to the consensus estimate of $388.05 million. During the same quarter in the previous year, the company posted $0.09 earnings per share. The business's quarterly revenue was up 38.8% compared to the same quarter last year. As a group, research analysts anticipate that Rush Street Interactive will post 0.49 EPS for the current year.

Insider Buying and Selling at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $26.56, for a total transaction of $610,880.00. Following the transaction, the chief financial officer owned 606,526 shares of the company's stock, valued at approximately $16,109,330.56. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $28.02, for a total value of $3,113,358.24. Following the sale, the chief executive officer owned 421,258 shares in the company, valued at $11,803,649.16. This trade represents 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 sold 603,998 shares of company stock worth $14,814,268 over the last 90 days. Corporate insiders own 52.89% of the company's stock.

Institutional Trading of Rush Street Interactive

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Rush Street Interactive in the second quarter valued at $448,435,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Rush Street Interactive by 84.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company's stock worth $60,121,000 after buying an additional 1,267,622 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Rush Street Interactive by 15.9% during the first quarter. Renaissance Technologies LLC now owns 2,285,000 shares of the company's stock worth $49,699,000 after buying an additional 312,700 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Rush Street Interactive during the second quarter worth about $48,647,000. Finally, Bank of America Corp DE acquired a new position in Rush Street Interactive in the 2nd quarter valued at about $34,015,000. Institutional investors and hedge funds own 24.78% of the company's stock.

Rush Street Interactive News Summary

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Third-quarter revenue increased 39% year over year to $385.9 million, while net income rose 93% to $28.7 million and adjusted EBITDA climbed 73% to $62.2 million. North American monthly active users also reached a record. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Positive Sentiment: Adjusted earnings were $0.15 per share, ahead of the $0.13 analyst consensus and up from $0.09 a year earlier. Online casino operations contributed approximately 75% of total revenue, highlighting RSI’s higher-margin core business. Rush Street Interactive Q3 Earnings Top Estimates
• Neutral Sentiment: Management reiterated its 2026 revenue outlook of $1.56 billion to $1.60 billion, but said current October trends point toward the lower end of that range. Full-year guidance was otherwise maintained. Rush Street Interactive Reiterates 2026 Revenue Outlook
• Negative Sentiment: Quarterly revenue of $385.9 million fell short of the $388.1 million consensus estimate. The modest sales miss, combined with the lower-end outlook, appears to be outweighing the earnings beat. Rush Street Interactive Reports Sales Below Analyst Estimates
• Negative Sentiment: Wells Fargo, Oppenheimer, and Needham each lowered their RSI price targets from $36 to $26, $25, and $25, respectively. Although they retained bullish ratings—Overweight, Outperform, and Buy—the reductions signal more cautious near-term expectations. Wells Fargo RSI Analyst Rating

Rush Street Interactive Company Profile

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.