Rush Street Interactive (NYSE:RSI) Reaches New 12-Month High – What’s Next?

Shares of Rush Street Interactive, Inc. (NYSE:RSI) reached a new 52-week high on Monday . The stock traded as high as $32.30 and last traded at $31.55, with a volume of 61143 shares trading hands. The stock had previously closed at $31.68.

Wall Street Analyst Weigh In

A number of research firms recently commented on RSI. Benchmark increased their target price on shares of Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on shares of Rush Street Interactive from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Wells Fargo & Company raised their price target on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. upped their target price on Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Rush Street Interactive Stock Performance

The stock has a market cap of $7.37 billion, a PE ratio of 102.14 and a beta of 1.56. The company has a 50 day moving average of $27.87 and a two-hundred day moving average of $22.60.

Rush Street Interactive (NYSE:RSI) last announced its 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. The business had revenue of $370.36 million during the quarter, compared to the consensus estimate of $330.82 million. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 EPS. As a group, equities research analysts anticipate that Rush Street Interactive, Inc. will post 0.47 EPS for the current year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 47,222 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $31.21, for a total transaction of $1,473,798.62. Following the completion of the transaction, the chief executive officer owned 374,036 shares of the company’s stock, valued at $11,673,663.56. This represents a 11.21% decrease in their ownership of the stock. The sale was disclosed in a legal 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, insider Paul Wierbicki sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $30.12, for a total value of $301,200.00. Following the sale, the insider owned 93,256 shares of the company’s stock, valued at $2,808,870.72. The trade was a 9.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,156,093 shares of company stock valued at $80,792,304 in the last 90 days. Corporate insiders own 52.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

Several large investors have recently bought and sold shares of the business. Precision Wealth Strategies LLC purchased a new position in Rush Street Interactive in the 4th quarter worth approximately $1,680,000. UBS Group AG lifted its position in Rush Street Interactive by 4.0% during the fourth quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock worth $20,154,000 after buying an additional 40,232 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Rush Street Interactive during the fourth quarter worth $2,053,000. Vanguard Group Inc. grew its holdings in Rush Street Interactive by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock valued at $175,843,000 after buying an additional 227,783 shares in the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Rush Street Interactive by 17.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after acquiring an additional 378,002 shares during the last quarter. Hedge funds and other institutional investors 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.