Rush Street Interactive (NYSE:RSI) Shares Gap Up on Analyst Upgrade

Rush Street Interactive, Inc. (NYSE:RSI) gapped up prior to trading on Wednesday after Needham & Company LLC raised their price target on the stock from $23.00 to $25.00. The stock had previously closed at $16.94, but opened at $20.33. Needham & Company LLC currently has a buy rating on the stock. Rush Street Interactive shares last traded at $18.0210, with a volume of 2,074,976 shares traded.

Several other brokerages have also recently issued reports on RSI. Citigroup upgraded shares of Rush Street Interactive to an “outperform” rating in a research report on Wednesday. Wall Street Zen raised shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 7th. Craig Hallum reissued a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Jefferies Financial Group restated a “buy” rating and issued a $29.00 target price on shares of Rush Street Interactive in a research note on Sunday, January 25th. Finally, Oppenheimer upped their price target on Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total transaction of $4,351,677.54. Following the completion of the transaction, the chief executive officer owned 949,048 shares in the company, valued at approximately $16,712,735.28. The trade was a 20.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kyle Sauers sold 160,067 shares of the stock in a transaction that occurred on Thursday, January 8th. The stock was 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 directly owned 663,306 shares of the company’s stock, valued at approximately $12,649,245.42. This trade represents a 19.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 919,421 shares of company stock valued at $17,044,879. 56.89% of the stock is owned by corporate insiders.

Key Rush Street Interactive News

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

• Positive Sentiment: Company reported record quarterly revenue of $324.9M (up ~28% YoY), record quarterly adjusted EBITDA of $44.1M and full‑year 2025 revenue and adjusted EBITDA that exceeded the high end of guidance; management initiated FY2026 revenue guidance of $1.375–$1.425B and adjusted EBITDA guidance of $210–$230M — strong top‑line and margin guidance supports a higher valuation. GlobeNewswire: Q4 & FY2025 Results
• Positive Sentiment: Management outlined a 21%–26% revenue growth target for 2026 and emphasized a “casino‑first” strategy to accelerate user expansion — growth cadence commentary underpins the increased 2026 revenue guidance. MSN: Revenue Growth Target
• Positive Sentiment: Analyst action: Citizens Jmp upgraded RSI from Market Perform to Outperform and set a $24 price target (~32% above recent levels), which can attract momentum buyers. Benzinga: Analyst Upgrade
• Neutral Sentiment: Earnings call/transcript and analyst writeups are available for details on user metrics, margins and market expansion — useful for investors who want to dig into drivers behind guidance and CAC/LTV assumptions. Seeking Alpha: Earnings Transcript Yahoo: Earnings Highlights
• Negative Sentiment: EPS missed consensus: Q4 EPS was $0.08 vs. consensus ~$0.10, which highlights near‑term margin/expense pressure despite the revenue beat — this explains caution among some investors. Zacks: EPS Miss
• Negative Sentiment: Insider activity: a large CEO share sale was reported, which may raise governance/insider‑confidence questions for some investors despite management commentary on growth. Yahoo: CEO Share Sale

Institutional Trading of Rush Street Interactive

Several institutional investors have recently made changes to their positions in RSI. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rush Street Interactive by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock valued at $484,000 after purchasing an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Rush Street Interactive by 18.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock worth $7,394,000 after purchasing an additional 109,366 shares in the last quarter. CWM LLC increased its stake in Rush Street Interactive by 32.2% in the 2nd quarter. CWM LLC now owns 25,881 shares of the company’s stock valued at $386,000 after buying an additional 6,299 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Rush Street Interactive during the 2nd quarter worth approximately $361,000. Finally, AlphaQuest LLC lifted its position in shares of Rush Street Interactive by 431.3% during the 2nd quarter. AlphaQuest LLC now owns 7,395 shares of the company’s stock worth $110,000 after buying an additional 6,003 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

The stock has a market cap of $4.11 billion, a PE ratio of 72.09 and a beta of 1.54. The business has a 50 day moving average price of $18.46 and a two-hundred day moving average price of $19.06.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The business had revenue of $324.89 million for the quarter, compared to the consensus estimate of $305.08 million. During the same quarter last year, the business posted $0.07 earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. As a group, research analysts anticipate that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

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.