Rush Street Interactive (NYSE:RSI) Hits New 52-Week High – Here’s What Happened

Rush Street Interactive, Inc. (NYSE:RSI) shares hit a new 52-week high on Thursday . The company traded as high as $31.04 and last traded at $30.75, with a volume of 140332 shares trading hands. The stock had previously closed at $29.83.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Citizens Jmp increased their price target on Rush Street Interactive from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Wednesday, May 20th. Wells Fargo & Company lifted their price objective on Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Oppenheimer upped their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Freedom Capital raised Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. Finally, Jefferies Financial Group raised their target price on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rush Street Interactive presently has an average rating of “Moderate Buy” and an average price target of $29.25.

Rush Street Interactive Trading Up 0.9%

The company’s 50 day moving average price is $26.73 and its two-hundred day moving average price is $22.00. The firm has a market cap of $7.01 billion, a PE ratio of 97.13 and a beta of 1.58.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.82 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The company’s revenue for the quarter was up 41.1% compared to the same quarter last year. Equities research analysts expect that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Richard Todd Schwartz sold 47,222 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $25.58, for a total value of $1,207,938.76. Following the transaction, the chief executive officer owned 374,036 shares of the company’s stock, valued at $9,567,840.88. This trade represents a 11.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Mattias Stetz sold 20,000 shares of Rush Street Interactive stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $25.63, for a total value of $512,600.00. Following the transaction, the chief operating officer directly owned 217,874 shares in the company, valued at approximately $5,584,110.62. The trade was a 8.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 3,101,241 shares of company stock worth $77,880,983. Corporate insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds have recently modified their holdings of RSI. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive in the fourth quarter worth $47,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive during the 4th quarter valued at $55,000. Osaic Holdings Inc. boosted its holdings in 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 period. Lazard Asset Management LLC bought a new position in Rush Street Interactive in the 2nd quarter worth $90,000. Finally, US Bancorp DE purchased a new stake in Rush Street Interactive in the 3rd quarter worth $115,000. 24.78% of the stock is currently owned by institutional investors.

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.