Rush Street Interactive (NYSE:RSI) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Key Points

• Citizens Jmp raised its price target on Rush Street Interactive from $24 to $25 and kept a "market outperform" rating, implying about a 13.2% upside
• The company reported Q2 revenue of $324.9M (above the $305.1M estimate) with revenue up 27.8% year-over-year, but it missed on EPS at $0.08 versus the $0.10 consensus.
• Insiders have been heavy sellers recently — 1,408,225 shares worth $26.7M sold in the last three months — though insiders still own 56.94% of the stock.

Rush Street Interactive (NYSE:RSI - Get Free Report) had its price objective hoisted by Citizens Jmp from $24.00 to $25.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "market outperform" rating on the stock. Citizens Jmp's price objective indicates a potential upside of 13.20% from the stock's previous close.

A number of other brokerages have also recently issued reports on RSI. Susquehanna set a $22.00 price objective on Rush Street Interactive in a research note on Wednesday, January 21st. Needham & Company LLC raised their price objective on Rush Street Interactive from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. Wells Fargo & Company started coverage on Rush Street Interactive in a research note on Thursday, March 26th. They set an "overweight" rating and a $26.00 price objective on the stock. Oppenheimer raised their price objective on Rush Street Interactive from $24.00 to $25.00 and gave the company an "outperform" rating in a research note on Wednesday, February 18th. Finally, Freedom Capital raised Rush Street Interactive to a "strong-buy" rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Rush Street Interactive presently has an average rating of "Moderate Buy" and a consensus target price of $23.33.

Rush Street Interactive Trading Down 0.2%

Shares of NYSE:RSI opened at $22.09 on Wednesday. The stock's 50-day moving average price is $19.57 and its 200-day moving average price is $19.06. Rush Street Interactive has a 12-month low of $10.22 and a 12-month high of $22.80. The stock has a market capitalization of $5.13 billion, a P/E ratio of 78.88 and a beta of 1.45.

Rush Street Interactive (NYSE:RSI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The company had revenue of $324.89 million for the quarter, compared to the consensus estimate of $305.08 million. During the same period last year, the business posted $0.07 earnings per share. The firm's quarterly revenue was up 27.8% compared to the same quarter last year. As a group, research analysts predict that Rush Street Interactive will post 0.04 EPS for the current year.

Insider Activity

In other news, Director Daniel W. Yih sold 50,000 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $20.14, for a total transaction of $1,007,000.00. Following the completion of the transaction, the director directly owned 131,678 shares of the company's stock, valued at approximately $2,651,994.92. This represents a 27.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Mattias Stetz sold 29,725 shares of the company's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $20.07, for a total transaction of $596,580.75. Following the transaction, the chief operating officer directly owned 8,495 shares of the company's stock, valued at approximately $170,494.65. This trade represents a 77.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,408,225 shares of company stock valued at $26,706,765. 56.94% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds and other institutional investors have recently modified their holdings of the company. Man Group plc raised its stake in shares of Rush Street Interactive by 0.7% during the second quarter. Man Group plc now owns 89,535 shares of the company's stock valued at $1,334,000 after acquiring an additional 654 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Rush Street Interactive by 4.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company's stock valued at $398,000 after buying an additional 752 shares during the period. Cerity Partners LLC increased its position in shares of Rush Street Interactive by 4.6% during the fourth quarter. Cerity Partners LLC now owns 23,675 shares of the company's stock valued at $460,000 after buying an additional 1,042 shares during the period. New York State Teachers Retirement System increased its position in shares of Rush Street Interactive by 15.6% during the third quarter. New York State Teachers Retirement System now owns 8,022 shares of the company's stock valued at $164,000 after buying an additional 1,084 shares during the period. Finally, Diversified Trust Co increased its position in shares of Rush Street Interactive by 5.8% during the third quarter. Diversified Trust Co now owns 27,049 shares of the company's stock valued at $554,000 after buying an additional 1,474 shares during the period. 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.

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