Rush Street Interactive, Inc. (NYSE:RSI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a moderately bullish outlook on Rush Street Interactive, with nine buy ratings, one strong-buy rating, and three holds. The average 12-month price target is $35.22, above the reported $25.70 share price.
• RSI’s latest quarterly results met earnings expectations at $0.15 per share, while revenue of $393.78 million exceeded forecasts and increased 46.3% year over year.
• Company insiders sold 614,002 shares worth approximately $17.35 million over the past 90 days, though insiders still own 52.89% of the stock; institutional investors own 24.78%.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $35.2222.

Several equities analysts recently commented on the stock. Citizens Jmp increased their price objective on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a "market outperform" rating in a research note on Thursday, July 30th. Wells Fargo & Company boosted their target price 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. Benchmark upped their price target 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. Susquehanna increased their price target on Rush Street Interactive from $30.00 to $36.00 and gave the company a "positive" rating in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. raised their price objective on Rush Street Interactive from $26.00 to $30.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th.

Rush Street Interactive Trading Down 0.4%

Shares of NYSE RSI opened at $25.70 on Monday. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 88.62 and a beta of 1.59. Rush Street Interactive has a 12 month low of $15.51 and a 12 month high of $34.53. The stock has a 50-day moving average price of $29.49 and a two-hundred day moving average price of $25.14.

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

Insiders Place Their Bets

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 111,112 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $25.58, for a total value of $2,842,244.96. Following the completion of the transaction, the chief executive officer directly owned 421,258 shares in the company, valued at approximately $10,775,779.64. This trade represents a 20.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction dated 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 directly owned 197,874 shares in the company, valued at $6,177,626.28. The trade was a 9.18% 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 sold a total of 614,002 shares of company stock valued at $17,350,367 in the last 90 days. Corporate insiders own 52.89% of the company's stock.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rush Street Interactive by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company's stock valued at $484,000 after acquiring an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Rush Street Interactive by 18.8% in the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company's stock worth $7,394,000 after purchasing an additional 109,366 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Rush Street Interactive in the second quarter worth $166,000. Invesco Ltd. increased its holdings in Rush Street Interactive by 377.1% in the second quarter. Invesco Ltd. now owns 272,693 shares of the company's stock valued at $4,063,000 after purchasing an additional 215,538 shares during the period. Finally, First Trust Advisors LP acquired a new stake in Rush Street Interactive in the second quarter valued at $3,766,000. 24.78% of the stock is owned by institutional investors.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source