Wells Fargo & Company Begins Coverage on Rush Street Interactive (NYSE:RSI)

Stock analysts at Wells Fargo & Company assumed coverage on shares of Rush Street Interactive (NYSE:RSI) in a note issued to investors on Thursday,Benzinga reports. The brokerage set an “overweight” rating and a $26.00 price target on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 18.49% from the stock’s current price.

RSI has been the topic of a number of other reports. Craig Hallum reissued a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. Wall Street Zen lowered shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Citigroup raised shares of Rush Street Interactive to an “outperform” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.22.

Rush Street Interactive Stock Down 1.0%

Shares of RSI opened at $21.94 on Thursday. Rush Street Interactive has a 52-week low of $9.66 and a 52-week high of $22.65. The stock has a market cap of $5.10 billion, a PE ratio of 78.37 and a beta of 1.54. The firm’s fifty day moving average is $18.94 and its two-hundred day moving average is $19.04.

Rush Street Interactive (NYSE:RSI) last issued its 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). The business had revenue of $324.89 million during the quarter, compared to analyst estimates of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. Rush Street Interactive’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter last year, the company earned $0.07 earnings per share. As a group, research analysts anticipate that Rush Street Interactive will post 0.04 earnings per share for the current year.

Insider Activity at Rush Street Interactive

In other news, Director Daniel W. Yih sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $20.14, for a total value of $1,007,000.00. Following the sale, the director directly owned 131,678 shares of the company’s stock, valued at approximately $2,651,994.92. The trade was a 27.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mattias Stetz sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $22.02, for a total transaction of $440,400.00. Following the transaction, the chief operating officer directly owned 125,448 shares of the company’s stock, valued at $2,762,364.96. The trade was a 13.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,407,743 shares of company stock valued at $26,371,042 in the last quarter. Corporate insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RSI. Concord Wealth Partners purchased a new position in shares of Rush Street Interactive during the third quarter worth $41,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive in the 4th quarter valued at $47,000. Empowered Funds LLC acquired a new position in Rush Street Interactive during the 4th quarter worth about $55,000. Osaic Holdings Inc. lifted its stake in Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after acquiring an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Rush Street Interactive during the 2nd quarter valued at about $90,000. 24.78% of the stock is currently owned by institutional investors and hedge funds.

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.