Rush Street Interactive (NYSE:RSI) Sees Strong Trading Volume - What's Next?

Key Points

• RSI reported strong third-quarter results: adjusted EPS rose to $0.15 from $0.09, beating estimates, while revenue increased 38.8% year over year to $385.9 million and adjusted EBITDA climbed 73% to $62.2 million.
• Despite the earnings beat, revenue narrowly missed consensus and management’s 2026 outlook points toward the low end of its $1.56 billion–$1.60 billion range, weighing on growth expectations.
• Shares saw unusually heavy trading volume and analyst target cuts: about 3.03 million shares traded, while the consensus target fell to $27.54 even though the stock retains a “Moderate Buy” rating.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) shares saw unusually-high trading volume on Friday. Approximately 3,028,915 shares changed hands during trading, an increase of 18% from the average daily volume of 2,560,693 shares. The stock last traded at $12.4050 and had previously closed at $13.62.

Trending Headlines about Rush Street Interactive

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

• Positive Sentiment: RSI reported third-quarter adjusted earnings of $0.15 per share, above the $0.13–$0.14 analyst consensus and up from $0.09 a year earlier. Revenue rose 38.8% year over year to $385.9 million, while net income increased 93% to $28.7 million and adjusted EBITDA climbed 73% to $62.2 million. Rush Street Interactive Announces Third Quarter 2026 Results
• Positive Sentiment: Record North American monthly active users and continued strength in online casino operations—reported to account for 75% of revenue—support the company’s growth story. Management also reiterated its full-year adjusted EBITDA outlook. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Barclays lowered its price target to $23 from $24 but maintained an “overweight” rating. The revised target still implies substantial potential upside, suggesting the firm views the selloff as excessive despite reducing its estimates. Barclays Lowers Rush Street Interactive Price Target
• Negative Sentiment: Quarterly revenue of $385.9 million missed the roughly $388.1 million consensus estimate. Although earnings beat expectations, the revenue shortfall may have raised concerns about growth momentum and contributed to the stock’s decline. Rush Street Interactive Q3 Earnings Top Estimates
• Negative Sentiment: RSI reiterated 2026 revenue guidance of $1.56 billion to $1.60 billion, with October trends pointing toward the low end; the $1.60 billion midpoint comparison is roughly in line with consensus but offers limited upside. Rush Street Interactive Reiterates 2026 Revenue Outlook
• Negative Sentiment: Several firms cut their targets: JPMorgan to $18 from $22 with a “neutral” rating, Citizens JMP to $24 from $34, Wells Fargo to $26 from $36, Oppenheimer to $25 from $36, and Needham to $25 from $36. The continued target resets signal lower near-term expectations, even though most firms retain bullish ratings. Analyst Ratings for Rush Street Interactive

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Rush Street Interactive from $22.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday. Barclays cut their price target on shares of Rush Street Interactive from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Friday. Jefferies Financial Group reissued a "buy" rating on shares of Rush Street Interactive in a report on Thursday. Wells Fargo & Company cut their target price on shares of Rush Street Interactive from $36.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, Needham & Company LLC lowered their target price on shares of Rush Street Interactive from $36.00 to $25.00 and set a "buy" rating on the stock in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, Rush Street Interactive presently has an average rating of "Moderate Buy" and a consensus target price of $27.54.

Rush Street Interactive Stock Performance

The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 36.56 and a beta of 1.71. The company has a 50 day moving average price of $21.78 and a 200 day moving average price of $23.77.

Rush Street Interactive (NYSE:RSI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.02. The firm had revenue of $385.85 million during the quarter, compared to analysts' expectations of $388.05 million. Rush Street Interactive had a return on equity of 25.26% and a net margin of 2.56%. The company's revenue was up 38.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. Research analysts forecast that Rush Street Interactive, Inc. will post 0.49 EPS for the current year.

Insider Buying and Selling

In other news, CEO Richard Schwartz sold 47,222 shares of Rush Street Interactive stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $19.88, for a total transaction of $938,773.36. Following the completion of the sale, the chief executive officer directly owned 374,036 shares in the company, valued at $7,435,835.68. The trade was a 11.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Rush Street Interactive stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $20.31, for a total value of $467,130.00. Following the sale, the chief financial officer directly owned 583,526 shares in the company, valued at approximately $11,851,413.06. This trade represents a 3.79% 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. Insiders have sold 603,998 shares of company stock worth $14,814,268 over the last three months. 52.89% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rush Street Interactive

A number of large investors have recently added to or reduced their stakes in RSI. Oregon Public Employees Retirement Fund boosted its position in shares of Rush Street Interactive by 9.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 25,900 shares of the company's stock worth $527,000 after purchasing an additional 2,200 shares during the period. VCI Wealth Management LLC acquired a new stake in Rush Street Interactive in the third quarter valued at about $851,000. ProShare Advisors LLC boosted its holdings in shares of Rush Street Interactive by 7.0% during the third quarter. ProShare Advisors LLC now owns 15,523 shares of the company's stock worth $316,000 after purchasing an additional 1,012 shares during the last quarter. State of Wyoming boosted its holdings in Rush Street Interactive by 23.3% in the third quarter. State of Wyoming now owns 31,491 shares of the company's stock valued at $640,000 after purchasing an additional 5,959 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in Rush Street Interactive by 945.1% during the 3rd quarter. Sterling Capital Management LLC now owns 3,731 shares of the company's stock valued at $76,000 after purchasing an additional 3,374 shares during the period. Institutional investors and hedge funds own 24.78% of the company's stock.

About Rush Street Interactive

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.