Brokerages Set Rush Street Interactive, Inc. (NYSE:RSI) Target Price at $29.25

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have earned a consensus recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $29.25.

A number of equities analysts have recently weighed in on RSI shares. Susquehanna upped their price target on shares of Rush Street Interactive from $25.00 to $29.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Needham & Company LLC increased their price target on shares of Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Benchmark increased their price target on shares of Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, April 29th.

Rush Street Interactive Price Performance

Shares of NYSE RSI opened at $29.55 on Wednesday. The stock has a fifty day moving average price of $25.53 and a 200 day moving average price of $21.38. Rush Street Interactive has a 1-year low of $13.20 and a 1-year high of $29.80. The company has a market cap of $6.88 billion, a PE ratio of 95.32 and a beta of 1.58.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.83 million. During the same period last year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. Analysts anticipate that Rush Street Interactive will post 0.47 earnings per share for the current fiscal year.

Insider Activity at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 710,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Mattias Stetz sold 74,500 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total transaction of $1,859,520.00. Following the completion of the transaction, the chief operating officer owned 237,874 shares of the company’s stock, valued at $5,937,335.04. This represents a 23.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,136,241 shares of company stock worth $78,637,133. 52.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rush Street Interactive by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after buying an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Rush Street Interactive by 18.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock worth $7,394,000 after buying an additional 109,366 shares during the last quarter. Prudential Financial Inc. acquired a new position in shares of Rush Street Interactive during the 2nd quarter worth $166,000. Invesco Ltd. raised its stake in shares of Rush Street Interactive by 377.1% during the 2nd quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock worth $4,063,000 after buying an additional 215,538 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Rush Street Interactive during the 2nd quarter worth $3,766,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

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.