Rush Street Interactive (NYSE:RSI) Upgraded at Freedom Capital

Key Points

• Freedom Capital upgraded Rush Street Interactive to a "strong-buy," joining other firms that recently raised ratings and price targets; the market consensus remains a "Moderate Buy" with an average target of $22.88.
• The company beat revenue expectations in Q2 with $324.9M (up 27.8% YoY) but missed EPS ($0.08 vs. $0.10 est.); RSI has a $4.84B market cap and trades near $20.84.
• Significant insider selling has occurred recently—insiders sold about 1.37M shares worth $25.6M over three months (directors and the COO among sellers), though insiders still own ~56.9% of the stock.

Rush Street Interactive (NYSE:RSI - Get Free Report) was upgraded by analysts at Freedom Capital to a "strong-buy" rating in a research note issued on Wednesday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Citizens Jmp raised Rush Street Interactive from a "market perform" rating to an "outperform" rating and set a $24.00 price target for the company in a research report on Wednesday, February 18th. Craig Hallum reaffirmed a "buy" rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Wall Street Zen cut Rush Street Interactive from a "strong-buy" rating to a "buy" rating in a research note on Saturday, February 21st. Oppenheimer increased their price objective on Rush Street Interactive from $24.00 to $25.00 and gave the company an "outperform" rating in a report on Wednesday, February 18th. Finally, Needham & Company LLC raised their target price on shares of Rush Street Interactive from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.88.

Rush Street Interactive Trading Down 1.1%

Shares of RSI stock opened at $20.84 on Wednesday. The firm's fifty day moving average price is $18.60 and its two-hundred day moving average price is $19.10. Rush Street Interactive has a 1 year low of $9.63 and a 1 year high of $22.65. The firm has a market capitalization of $4.84 billion, a P/E ratio of 74.43 and a beta of 1.54.

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

Insiders Place Their Bets

In other news, Director Daniel W. Yih sold 50,000 shares of Rush Street Interactive stock in a transaction that occurred on Monday, March 9th. The stock was 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 in the company, valued at approximately $2,651,994.92. The trade was a 27.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mattias Stetz sold 90,000 shares of Rush Street Interactive stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $19.09, for a total value of $1,718,100.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,372,743 shares of company stock worth $25,614,892 in the last three months. 56.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rush Street Interactive

Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 worth $484,000 after purchasing an additional 1,893 shares during the period. Goldman Sachs Group Inc. raised its position 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 valued at $7,394,000 after purchasing an additional 109,366 shares during the period. ProShare Advisors LLC lifted its stake in shares of Rush Street Interactive by 10.6% during the 2nd quarter. ProShare Advisors LLC now owns 18,202 shares of the company's stock worth $271,000 after buying an additional 1,745 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Rush Street Interactive by 14.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,187,204 shares of the company's stock worth $32,593,000 after buying an additional 268,295 shares during the period. Finally, Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Rush Street Interactive by 30.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 19,920 shares of the company's stock worth $297,000 after buying an additional 4,635 shares during the period. Institutional investors and hedge funds 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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