Rush Street Interactive (NYSE:RSI) Given New $25.00 Price Target at Needham & Company LLC

Rush Street Interactive (NYSE:RSI) had its price target lowered by analysts at Needham & Company LLC from $36.00 to $25.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price target indicates a potential upside of 66.58% from the stock’s current price.

Several other research analysts have also issued reports on RSI. Morgan Stanley initiated coverage on Rush Street Interactive in a research report on Monday, October 19th. They set an “equal weight” rating and a $22.00 target price on the stock. Susquehanna decreased their price objective on shares of Rush Street Interactive from $37.00 to $27.00 and set a “positive” rating for the company in a research report on Friday, October 9th. New Street Research set a $35.00 target price on shares of Rush Street Interactive in a research report on Thursday, July 23rd. Citigroup restated a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday. Finally, Benchmark lifted their price objective on shares of Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.42.

Rush Street Interactive Stock Down 2.6%

Shares of Rush Street Interactive stock opened at $15.01 on Thursday. Rush Street Interactive has a 52-week low of $14.82 and a 52-week high of $34.53. The firm’s 50 day moving average price is $22.03 and its 200-day moving average price is $23.80. The company has a market cap of $3.48 billion, a P/E ratio of 51.75 and a beta of 1.71.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.02. The company had revenue of $385.85 million during the quarter, compared to the consensus estimate of $388.05 million. Rush Street Interactive had a net margin of 2.33% and a return on equity of 18.88%. Rush Street Interactive’s revenue was up 38.8% compared to the same quarter last year. During the same period last year, the firm earned $0.09 earnings per share. As a group, equities research analysts forecast that Rush Street Interactive will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $26.56, for a total transaction of $610,880.00. Following the transaction, the chief financial officer owned 606,526 shares of the company’s stock, valued at approximately $16,109,330.56. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,112 shares of Rush Street Interactive stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $28.02, for a total value of $3,113,358.24. Following the transaction, the chief executive officer owned 421,258 shares in the company, valued at approximately $11,803,649.16. This represents a 20.87% decrease in their position. 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 90 days, insiders sold 603,998 shares of company stock valued at $14,814,268. 52.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in shares of Rush Street Interactive by 7.0% during the 3rd quarter. ProShare Advisors LLC now owns 15,523 shares of the company’s stock worth $316,000 after buying an additional 1,012 shares during the last quarter. State of Wyoming increased its stake in Rush Street Interactive by 23.3% during the third quarter. State of Wyoming now owns 31,491 shares of the company’s stock worth $640,000 after acquiring an additional 5,959 shares during the last quarter. Sterling Capital Management LLC increased its stake in Rush Street Interactive by 945.1% during the third quarter. Sterling Capital Management LLC now owns 3,731 shares of the company’s stock worth $76,000 after acquiring an additional 3,374 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Rush Street Interactive by 53.8% during the third quarter. Nisa Investment Advisors LLC now owns 8,301 shares of the company’s stock worth $169,000 after acquiring an additional 2,904 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in Rush Street Interactive in the third quarter valued at $212,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Key Rush Street Interactive News

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

• Positive Sentiment: Third-quarter earnings were $0.15 per share, above the $0.13–$0.14 analyst consensus and up from $0.09 a year earlier. Net income increased 93% year over year to $28.7 million, while adjusted EBITDA rose 73% to $62.2 million. Rush Street Interactive Q3 Earnings Top Estimates
• Positive Sentiment: Revenue reached $385.9 million, up 39% year over year, and North American monthly active users reached a quarterly record. Online casino operations contributed approximately 75% of revenue, highlighting RSI’s higher-margin casino exposure. Rush Street Interactive: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Management reiterated its full-year 2026 revenue and adjusted EBITDA guidance, reducing the risk of an immediate outlook cut but offering no new upside to expectations. Rush Street Interactive Announces Third Quarter 2026 Results and Reiterates Full Year Guidance
• Negative Sentiment: Quarterly revenue of $385.9 million was below the approximately $388.1 million consensus estimate. The modest sales miss may be driving the weaker stock reaction despite the earnings beat, particularly given RSI’s elevated valuation and recent trading near its 52-week low. Rush Street Interactive Reports Sales Below Analyst Estimates

Rush Street Interactive Company Profile

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.