Rush Street Interactive (NYSE:RSI) Shares Gap Up After Analyst Upgrade

Rush Street Interactive, Inc. (NYSE:RSI)’s stock price gapped up prior to trading on Wednesday after Needham & Company LLC raised their price target on the stock from $23.00 to $25.00. The stock had previously closed at $16.94, but opened at $20.33. Needham & Company LLC currently has a buy rating on the stock. Rush Street Interactive shares last traded at $18.0210, with a volume of 2,074,976 shares.

Other analysts have also issued research reports about the stock. Citizens Jmp raised shares of Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Wednesday. Citigroup upgraded shares of Rush Street Interactive to an “outperform” rating in a research note on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Susquehanna set a $22.00 price objective on Rush Street Interactive in a report on Wednesday, January 21st. Finally, Benchmark restated a “buy” rating on shares of Rush Street Interactive in a research note on Wednesday, January 14th. Ten research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Insider Activity at Rush Street Interactive

In related news, COO Mattias Stetz sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $19.09, for a total transaction of $1,718,100.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Richard Todd Schwartz sold 247,114 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total transaction of $4,351,677.54. Following the completion of the sale, the chief executive officer owned 949,048 shares in the company, valued at $16,712,735.28. This represents a 20.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 919,421 shares of company stock valued at $17,044,879. Corporate insiders own 56.89% of the company’s stock.

More Rush Street Interactive News

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Company reported record quarterly revenue of $324.9M (up ~28% YoY), record quarterly adjusted EBITDA of $44.1M and full‑year 2025 revenue and adjusted EBITDA that exceeded the high end of guidance; management initiated FY2026 revenue guidance of $1.375–$1.425B and adjusted EBITDA guidance of $210–$230M — strong top‑line and margin guidance supports a higher valuation. GlobeNewswire: Q4 & FY2025 Results
• Positive Sentiment: Management outlined a 21%–26% revenue growth target for 2026 and emphasized a “casino‑first” strategy to accelerate user expansion — growth cadence commentary underpins the increased 2026 revenue guidance. MSN: Revenue Growth Target
• Positive Sentiment: Analyst action: Citizens Jmp upgraded RSI from Market Perform to Outperform and set a $24 price target (~32% above recent levels), which can attract momentum buyers. Benzinga: Analyst Upgrade
• Neutral Sentiment: Earnings call/transcript and analyst writeups are available for details on user metrics, margins and market expansion — useful for investors who want to dig into drivers behind guidance and CAC/LTV assumptions. Seeking Alpha: Earnings Transcript Yahoo: Earnings Highlights
• Negative Sentiment: EPS missed consensus: Q4 EPS was $0.08 vs. consensus ~$0.10, which highlights near‑term margin/expense pressure despite the revenue beat — this explains caution among some investors. Zacks: EPS Miss
• Negative Sentiment: Insider activity: a large CEO share sale was reported, which may raise governance/insider‑confidence questions for some investors despite management commentary on growth. Yahoo: CEO Share Sale

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. Concord Wealth Partners bought a new stake in shares of Rush Street Interactive during the 3rd quarter valued at about $41,000. Kemnay Advisory Services Inc. bought a new stake in Rush Street Interactive during the fourth quarter valued at approximately $47,000. Empowered Funds LLC purchased a new position in Rush Street Interactive in the 4th quarter worth approximately $55,000. Osaic Holdings Inc. increased its holdings in shares of Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after buying an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Rush Street Interactive in the 2nd quarter worth $90,000. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive Stock Performance

The stock has a market cap of $4.11 billion, a PE ratio of 72.09 and a beta of 1.54. The company’s 50-day moving average price is $18.46 and its two-hundred day moving average price is $19.06.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The firm’s revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 earnings per share. Equities research analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

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.