Rush Street Interactive (NYSE:RSI) Shares Gap Down - What's Next?

Key Points

• Shares of Rush Street Interactive gapped down, opening at $26.20 after a prior close of $29.17 and last trading around $26.97 on volume of about 2.08 million shares.
• The company reported a Q2 beat—EPS $0.14 vs. $0.12 expected and revenue $370.36M vs. $330.83M expected, a 41.1% year‑over‑year increase; market cap is $6.47B with a PE of 89.79.
• Analysts have trended positive (average rating: Moderate Buy, average target $28.63) while insiders sold roughly 1.32M shares (~$28.8M) in the last 90 days despite insiders owning 52.89% of the stock.

Rush Street Interactive, Inc. (NYSE:RSI - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $29.17, but opened at $26.20. Rush Street Interactive shares last traded at $26.9720, with a volume of 2,077,731 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RSI shares. Wall Street Zen upgraded Rush Street Interactive from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Citizens Jmp lifted their price target on Rush Street Interactive from $24.00 to $25.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 8th. Needham & Company LLC lifted their price target on Rush Street Interactive from $25.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, April 29th. Benchmark lifted their price target 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. Finally, Jefferies Financial Group lifted their price target 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. One 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 company has an average rating of "Moderate Buy" and an average target price of $28.63.

Rush Street Interactive Price Performance

The company has a 50-day moving average price of $21.88 and a 200-day moving average price of $19.52. The firm has a market capitalization of $6.47 billion, a PE ratio of 89.79 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) 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 business had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.83 million. During the same period in the prior year, the business earned $0.09 earnings per share. The business's revenue was up 41.1% on a year-over-year basis. On average, research analysts predict that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rush Street Interactive news, COO Mattias Stetz sold 50,000 shares of the company's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $27.44, for a total transaction of $1,372,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Judith Gold sold 50,000 shares of the stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $27.58, for a total value of $1,379,000.00. 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. Over the last ninety days, insiders have sold 1,315,809 shares of company stock valued at $28,808,305. 52.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RSI. Ameriprise Financial Inc. boosted its holdings in Rush Street Interactive by 763.6% in the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company's stock valued at $57,815,000 after purchasing an additional 2,496,109 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Rush Street Interactive by 247.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company's stock worth $27,229,000 after purchasing an additional 946,673 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Rush Street Interactive by 47.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,127,031 shares of the company's stock valued at $43,562,000 after acquiring an additional 683,486 shares during the period. Goldman Sachs Group Inc. increased its position in Rush Street Interactive by 76.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,341,472 shares of the company's stock valued at $26,065,000 after acquiring an additional 580,568 shares during the period. Finally, Norges Bank acquired a new stake in Rush Street Interactive in the 4th quarter valued at approximately $10,972,000. Hedge funds and other institutional investors own 24.78% of the company's stock.

About Rush Street Interactive

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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