Rush Street Interactive (NYSE:RSI) Shares Up 5.9% – Here’s Why

Rush Street Interactive, Inc. (NYSE:RSI)’s stock price was up 5.9% during trading on Tuesday . The stock traded as high as $16.93 and last traded at $16.9750. Approximately 992,826 shares changed hands during trading, a decline of 52% from the average daily volume of 2,071,350 shares. The stock had previously closed at $16.03.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RSI. Jefferies Financial Group restated a “buy” rating and issued a $29.00 price objective on shares of Rush Street Interactive in a research report on Sunday, January 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, January 14th. Craig Hallum restated a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Finally, Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.38.

Rush Street Interactive Price Performance

The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 67.80 and a beta of 1.54. The company has a 50-day simple moving average of $18.51 and a two-hundred day simple moving average of $19.07.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, February 17th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.05). Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%. Research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Insider Activity

In related news, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $17.67, for a total transaction of $353,400.00. Following the sale, the chief operating officer directly owned 289,624 shares in the company, valued at $5,117,656.08. The trade was a 6.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kyle Sauers sold 160,067 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $19.07, for a total transaction of $3,052,477.69. Following the completion of the sale, the chief financial officer directly owned 663,306 shares of the company’s stock, valued at approximately $12,649,245.42. This represents a 19.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 919,421 shares of company stock valued at $17,044,879. Insiders own 56.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Rush Street Interactive in the 3rd quarter valued at about $4,232,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Rush Street Interactive in the 2nd quarter worth approximately $361,000. Arrowstreet Capital Limited Partnership lifted its stake in Rush Street Interactive by 38.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock valued at $21,509,000 after purchasing an additional 398,089 shares during the last quarter. Emerald Advisers LLC boosted its holdings in Rush Street Interactive by 12.6% during the third quarter. Emerald Advisers LLC now owns 1,341,739 shares of the company’s stock worth $27,479,000 after buying an additional 149,918 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust grew its position in Rush Street Interactive by 11.0% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 825,244 shares of the company’s stock worth $16,901,000 after buying an additional 82,055 shares during the last quarter. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.