Rush Street Interactive, Inc. (NYSE:RSI) Receives Average Rating of “Moderate Buy” from Brokerages

Rush Street Interactive, Inc. (NYSE:RSI) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $29.25.

RSI has been the subject of several analyst reports. JPMorgan Chase & Co. increased their price objective on Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 16th. Needham & Company LLC upped their price target on Rush Street Interactive from $25.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Oppenheimer increased their price target 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. Finally, Citizens Jmp raised their price objective on Rush Street Interactive from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Wednesday, May 20th.

Insider Activity

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $31.22, for a total value of $624,400.00. Following the completion of the sale, the chief operating officer directly owned 197,874 shares of the company’s stock, valued at approximately $6,177,626.28. This represents a 9.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $30.12, for a total transaction of $301,200.00. Following the completion of the sale, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 3,179,093 shares of company stock worth $81,312,564. Company insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Institutional investors have recently modified their holdings of the business. Prospect Capital Advisors LLC increased its position in shares of Rush Street Interactive by 9.1% during the first quarter. Prospect Capital Advisors LLC now owns 482,500 shares of the company’s stock valued at $10,494,000 after acquiring an additional 40,050 shares during the last quarter. Bank of America Corp DE boosted its position in Rush Street Interactive by 81.8% in the first quarter. Bank of America Corp DE now owns 852,653 shares of the company’s stock worth $18,545,000 after purchasing an additional 383,745 shares during the last quarter. Cim LLC purchased a new position in Rush Street Interactive in the first quarter worth $496,000. California State Teachers Retirement System grew its stake in Rush Street Interactive by 40.0% in the 1st quarter. California State Teachers Retirement System now owns 129,277 shares of the company’s stock valued at $2,812,000 after purchasing an additional 36,943 shares during the period. Finally, Quantinno Capital Management LP bought a new position in Rush Street Interactive in the 1st quarter valued at $1,769,000. 24.78% of the stock is owned by institutional investors.

Rush Street Interactive Price Performance

NYSE:RSI opened at $31.64 on Friday. Rush Street Interactive has a one year low of $14.38 and a one year high of $31.85. The company has a market cap of $7.36 billion, a PE ratio of 102.07 and a beta of 1.56. The firm has a 50-day moving average of $27.87 and a 200-day moving average of $22.57.

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

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.