Analysts Set Rush Street Interactive, Inc. (NYSE:RSI) PT at $33.89

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $35.2222.

Several research firms have recently weighed in on RSI. Oppenheimer upped their price target on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Needham & Company LLC boosted their target price on Rush Street Interactive from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Rush Street Interactive in a research note on Monday, July 6th. New Street Research set a $35.00 target price on Rush Street Interactive in a research note on Thursday, July 23rd. Finally, Benchmark raised their price target on Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 23rd.

Rush Street Interactive Trading Up 4.5%

Rush Street Interactive stock opened at $28.13 on Thursday. The firm’s 50 day simple moving average is $29.89 and its 200 day simple moving average is $24.43. The firm has a market capitalization of $6.55 billion, a PE ratio of 97.01 and a beta of 1.59. Rush Street Interactive has a 1-year low of $15.51 and a 1-year high of $34.53.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $393.78 million for the quarter, compared to analysts’ expectations of $367.75 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 EPS. Research analysts forecast that Rush Street Interactive will post 0.5 earnings per share for the current year.

Insider Activity at Rush Street Interactive

In other news, CFO Kyle Sauers sold 23,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $25.44, for a total value of $585,120.00. Following the transaction, the chief financial officer owned 631,258 shares of the company’s stock, valued at $16,059,203.52. This represents a 3.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 111,112 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $31.21, for a total transaction of $3,467,805.52. Following the sale, the chief executive officer owned 421,258 shares in the company, valued at approximately $13,147,462.18. This trade represents a 20.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,901,493 shares of company stock valued at $48,901,370 in the last ninety days. 52.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. CoreCap Advisors LLC purchased a new stake in Rush Street Interactive during the second quarter valued at about $54,000. Kemnay Advisory Services Inc. purchased a new position in shares of Rush Street Interactive in the 4th quarter worth about $47,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter worth about $55,000. Osaic Holdings Inc. increased its position in shares of Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares during the last quarter. Finally, US Bancorp DE bought a new position in shares of Rush Street Interactive during the 3rd quarter valued at about $115,000. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

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.