Rush Street Interactive (NYSE:RSI) Rating Lowered to Hold at Zacks Research

Rush Street Interactive (NYSE:RSI) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other analysts also recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Rush Street Interactive in a report on Thursday, October 30th. Benchmark lifted their price objective on Rush Street Interactive from $20.00 to $24.00 and gave the company a “buy” rating in a report on Monday, September 8th. Susquehanna boosted their target price on Rush Street Interactive from $22.00 to $23.00 and gave the stock a “positive” rating in a research report on Tuesday, December 16th. Needham & Company LLC raised their price target on Rush Street Interactive from $21.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Craig Hallum restated a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.25.

Rush Street Interactive Trading Up 1.9%

NYSE:RSI opened at $20.13 on Monday. The firm has a market cap of $4.62 billion, a P/E ratio of 80.50 and a beta of 1.65. The stock’s 50 day simple moving average is $18.30 and its 200-day simple moving average is $18.31. Rush Street Interactive has a 12-month low of $9.54 and a 12-month high of $22.65.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The firm had revenue of $277.91 million during the quarter, compared to the consensus estimate of $264.60 million. During the same period last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. Research analysts forecast that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Mattias Stetz sold 30,000 shares of Rush Street Interactive stock in a transaction on Monday, December 1st. The stock was sold at an average price of $18.51, for a total transaction of $555,300.00. Following the completion of the transaction, the chief operating officer directly owned 164,806 shares of the company’s stock, valued at approximately $3,050,559.06. The trade was a 15.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Richard Todd Schwartz sold 59,757 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $18.82, for a total value of $1,124,626.74. Following the completion of the sale, the chief executive officer directly owned 454,821 shares in the company, valued at $8,559,731.22. This trade represents a 11.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 641,715 shares of company stock valued at $11,632,465. Insiders own 56.89% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. grew its stake in Rush Street Interactive by 1,617.7% in the 1st quarter. Alliancebernstein L.P. now owns 6,133,759 shares of the company’s stock valued at $65,754,000 after acquiring an additional 5,776,660 shares during the last quarter. Ameriprise Financial Inc. raised its position in Rush Street Interactive by 763.6% during the third quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock worth $57,815,000 after acquiring an additional 2,496,109 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Rush Street Interactive by 100.9% in the second quarter. Marshall Wace LLP now owns 2,372,671 shares of the company’s stock valued at $35,353,000 after purchasing an additional 1,191,546 shares in the last quarter. Two Sigma Investments LP grew its position in shares of Rush Street Interactive by 247.3% in the third quarter. Two Sigma Investments LP now owns 1,329,550 shares of the company’s stock valued at $27,229,000 after purchasing an additional 946,673 shares during the last quarter. Finally, 1060 Capital LLC purchased a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $11,222,000. Institutional investors and hedge funds 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.