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

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have earned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Three equities research 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 twelve-month target price among analysts that have updated their coverage on the stock in the last year is $29.25.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Needham & Company LLC boosted their price target on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Citizens Jmp boosted their price target on Rush Street Interactive from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Wednesday. Susquehanna boosted their price target on Rush Street Interactive from $25.00 to $29.00 and gave the company a “positive” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company boosted their price target on Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th.

Insider Transactions at Rush Street Interactive

In related news, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $24.96, for a total transaction of $34,223,904.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Richard Todd Schwartz sold 710,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,365,020 shares of company stock valued at $82,047,010. 52.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rush Street Interactive

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Rush Street Interactive by 81.8% in the 1st quarter. Bank of America Corp DE now owns 852,653 shares of the company’s stock valued at $18,545,000 after purchasing an additional 383,745 shares during the period. Cim LLC bought a new stake in shares of Rush Street Interactive in the 1st quarter valued at approximately $496,000. California State Teachers Retirement System grew its stake in shares of 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. Quantinno Capital Management LP bought a new stake in shares of Rush Street Interactive in the 1st quarter valued at approximately $1,769,000. Finally, Cooper Creek Partners Management LLC bought a new stake in shares of Rush Street Interactive in the 1st quarter valued at approximately $24,874,000. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive Stock Down 1.1%

Shares of RSI opened at $27.09 on Friday. Rush Street Interactive has a 12-month low of $11.50 and a 12-month high of $29.24. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 87.38 and a beta of 1.65. The stock’s 50-day moving average price is $23.83 and its 200 day moving average price is $20.33.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million for the quarter, compared to analyst estimates of $330.83 million. During the same period in the previous year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 41.1% compared to the same quarter last year. Equities research analysts expect that Rush Street Interactive will post 0.47 EPS for the current 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.