Rush Street Interactive (NYSE:RSI) Hits New 12-Month High - Still a Buy?

Key Points

• Stock momentum: Rush Street Interactive hit a new 52-week high at $29.00 amid multiple analyst upgrades (Jefferies to $32, Benchmark to $30, Citigroup Outperform) and a MarketBeat consensus rating of "Moderate Buy" with a $28.63 target.
• Strong Q2 results: The company beat estimates with $0.14 EPS (vs. $0.12) and $370.36M revenue (vs. $330.83M), a 41.1% year-over-year revenue increase.
• Insider activity and ownership: Insiders sold about 1.56M shares (~$33.16M) recently — including sales by the CEO and a director — though insiders still own 52.89% of the company and institutional holders (e.g., Vanguard) maintain large stakes.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.00 and last traded at $29.0350, with a volume of 764580 shares changing hands. The stock had previously closed at $27.75.

Analyst Ratings Changes

RSI has been the subject of a number of research analyst reports. Citigroup reissued an "outperform" rating on shares of Rush Street Interactive in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on Rush Street Interactive from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. increased their price objective on Rush Street Interactive from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Thursday, April 16th. Freedom Capital raised Rush Street Interactive to a "strong-buy" rating in a research report on Wednesday, March 11th. Finally, Benchmark increased their price objective on Rush Street Interactive from $24.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. One equities 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's stock. Based on data from MarketBeat.com, Rush Street Interactive has a consensus rating of "Moderate Buy" and a consensus target price of $28.63.

Rush Street Interactive Stock Performance

The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 94.06 and a beta of 1.65. The firm has a fifty day moving average price of $21.67 and a 200 day moving average price of $19.46.

Rush Street Interactive (NYSE:RSI - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.83 million. During the same period last year, the business posted $0.09 EPS. Rush Street Interactive's quarterly revenue was up 41.1% on a year-over-year basis. Research analysts predict that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In related news, Director Judith Gold sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $27.58, for a total value of $1,379,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 247,114 shares of the firm's stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $16.82, for a total value of $4,156,457.48. Following the completion of the transaction, the chief executive officer directly owned 701,934 shares of the company's stock, valued at $11,806,529.88. The trade was a 26.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,562,923 shares of company stock valued at $33,159,983. Company insiders own 52.89% of the company's stock.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds have recently bought and sold shares of RSI. Vanguard Group Inc. increased its position in Rush Street Interactive by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company's stock worth $175,843,000 after buying an additional 227,783 shares in the last quarter. Alliancebernstein L.P. increased its position in Rush Street Interactive by 1.3% during the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company's stock worth $92,592,000 after buying an additional 80,471 shares in the last quarter. Ameriprise Financial Inc. increased its position in Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company's stock worth $57,815,000 after buying an additional 2,496,109 shares in the last quarter. William Blair Investment Management LLC increased its position in Rush Street Interactive by 17.3% during the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company's stock worth $49,698,000 after buying an additional 378,002 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in Rush Street Interactive by 8.3% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company's stock worth $48,913,000 after buying an additional 193,110 shares in the last quarter. 24.78% of the stock is owned by hedge funds and other 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.

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