Rush Street Interactive (RSI) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rush Street Interactive in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RSI shares.
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6 brokerages have issued 12 month price objectives for Rush Street Interactive's shares. Their RSI share price forecasts range from $4.25 to $12.00. On average, they expect the company's share price to reach $7.16 in the next year. This suggests a possible upside of 139.3% from the stock's current price.
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Rush Street Interactive's stock was trading at $3.59 at the start of the year. Since then, RSI stock has decreased by 16.7% and is now trading at $2.99.
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Rush Street Interactive saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,410,000 shares, an increase of 54.5% from the April 15th total of 1,560,000 shares. Based on an average daily trading volume, of 452,200 shares, the short-interest ratio is presently 5.3 days. Approximately 4.2% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our RSI earnings forecast.

Rush Street Interactive, Inc. (NYSE:RSI) issued its quarterly earnings data on Wednesday, May, 3rd. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by $0.06. The firm had revenue of $162.36 million for the quarter, compared to analysts' expectations of $156.93 million. Rush Street Interactive had a negative trailing twelve-month return on equity of 23.64% and a negative net margin of 5.03%.

ETFs with the largest weight of Rush Street Interactive (NYSE:RSI) stock in their portfolio include Roundhill Sports Betting & iGaming ETF (BETZ), Pacer BlueStar Digital Entertainment ETF (ODDS), Janus Henderson Small Cap Growth Alpha ETF (JSML),

Rush Street Interactive updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $630.00 million-$700.00 million, compared to the consensus revenue estimate of $662.74 million.

Rush Street Interactive trades on the New York Stock Exchange (NYSE) under the ticker symbol "RSI."

Rush Street Interactive's stock is owned by many different institutional and retail investors. Top institutional investors include Canyon Capital Advisors LLC (2.59%), Nomura Holdings Inc. (2.01%), BlackRock Inc. (1.65%), Federated Hermes Inc. (0.68%), Assenagon Asset Management S.A. (0.63%) and Geode Capital Management LLC (0.48%). Insiders that own company stock include Daniel W Yih, Gregory A Carlin, Harry L You, Johnson Huang, Kyle Sauers, Masi Niccolo De, Mattias Stetz, Neil Bluhm, Paul Wierbicki, Richard Todd Schwartz and Sheli Z Rosenberg.
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Shares of RSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RSI stock can currently be purchased for approximately $2.99.

Rush Street Interactive (NYSE:RSI) has a market capitalization of $661.00 million and generates $592.21 million in revenue each year. The company earns $-38,630,000.00 in net income (profit) each year or ($0.48) on an earnings per share basis.

The company employs 468 workers across the globe.

Rush Street Interactive's mailing address is 1180 NORTH TOWN CENTER DRIVE SUITE 100, LAS VEGAS NV, 89144. The official website for the company is www.dmytechnology.com. The company can be reached via phone at 773-893-5855 or via email at ir@rushstreetinteractive.com.