Rush Street Interactive (NYSE:RSI) Stock Price Up 5.9% – Here’s What Happened

Shares of Rush Street Interactive, Inc. (NYSE:RSI) were up 5.9% during trading on Tuesday . The stock traded as high as $16.93 and last traded at $16.9750. Approximately 992,826 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 2,071,350 shares. The stock had previously closed at $16.03.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RSI. Weiss Ratings reissued a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Needham & Company LLC raised their price target on shares of Rush Street Interactive from $21.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Jefferies Financial Group reissued a “buy” rating and set a $29.00 price objective on shares of Rush Street Interactive in a report on Sunday, January 25th. Oppenheimer reaffirmed an “outperform” rating and set a $24.00 target price on shares of Rush Street Interactive in a report on Thursday, October 30th. Finally, Benchmark restated a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.38.

Rush Street Interactive Stock Up 5.7%

The stock has a fifty day moving average of $18.51 and a 200-day moving average of $19.07. The stock has a market capitalization of $3.89 billion, a PE ratio of 67.80 and a beta of 1.54.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.05). Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%. Equities research analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kyle Sauers sold 160,067 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total value of $3,052,477.69. Following the completion of the sale, the chief financial officer owned 663,306 shares in the company, valued at $12,649,245.42. This represents a 19.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Mattias Stetz sold 90,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $19.09, for a total transaction of $1,718,100.00. The SEC filing for this sale provides additional information. Insiders have sold 919,421 shares of company stock worth $17,044,879 in the last quarter. 56.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Concord Wealth Partners acquired a new position in shares of Rush Street Interactive during the third quarter worth about $41,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the 4th quarter valued at approximately $47,000. Empowered Funds LLC purchased a new stake in shares of Rush Street Interactive in the fourth quarter valued at approximately $55,000. Osaic Holdings Inc. grew its holdings in Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after acquiring an additional 1,868 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in Rush Street Interactive in the second quarter worth $90,000. 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.