Brokerages Set Rush Street Interactive, Inc. (NYSE:RSI) PT at $23.67

Rush Street Interactive, Inc. (NYSE:RSI) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $23.6667.

RSI has been the subject of a number of recent research reports. Citizens Jmp raised their target price on Rush Street Interactive from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 8th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. Susquehanna set a $22.00 target price on Rush Street Interactive in a research report on Wednesday, January 21st. Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, Citigroup upgraded Rush Street Interactive to an “outperform” rating in a research report on Wednesday, February 18th.

Insider Buying and Selling

In other news, Director Daniel W. Yih sold 50,000 shares of Rush Street Interactive stock in a transaction on Monday, March 9th. The stock was sold at an average price of $20.14, for a total value of $1,007,000.00. Following the completion of the transaction, the director directly owned 131,678 shares in the company, valued at approximately $2,651,994.92. The trade was a 27.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard Todd Schwartz sold 247,114 shares of Rush Street Interactive stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $17.61, for a total value of $4,351,677.54. Following the completion of the transaction, the chief executive officer owned 949,048 shares of the company’s stock, valued at approximately $16,712,735.28. This trade represents a 20.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,239,588 shares of company stock valued at $24,025,669 in the last ninety days. 56.94% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rush Street Interactive

Several hedge funds have recently made changes to their positions in the stock. Man Group plc grew its position in shares of Rush Street Interactive by 0.7% in the second quarter. Man Group plc now owns 89,535 shares of the company’s stock valued at $1,334,000 after purchasing an additional 654 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Rush Street Interactive by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock valued at $398,000 after purchasing an additional 752 shares in the last quarter. Cerity Partners LLC grew its position in shares of Rush Street Interactive by 4.6% in the fourth quarter. Cerity Partners LLC now owns 23,675 shares of the company’s stock valued at $460,000 after purchasing an additional 1,042 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Rush Street Interactive by 15.6% in the third quarter. New York State Teachers Retirement System now owns 8,022 shares of the company’s stock valued at $164,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Diversified Trust Co grew its position in shares of Rush Street Interactive by 5.8% in the third quarter. Diversified Trust Co now owns 27,049 shares of the company’s stock valued at $554,000 after purchasing an additional 1,474 shares in the last quarter. 24.78% of the stock is currently owned by hedge funds and other institutional investors.

Rush Street Interactive Price Performance

NYSE:RSI opened at $23.64 on Tuesday. The business has a fifty day simple moving average of $20.97 and a two-hundred day simple moving average of $19.25. Rush Street Interactive has a 1 year low of $11.12 and a 1 year high of $23.91. The company has a market capitalization of $5.49 billion, a P/E ratio of 84.42 and a beta of 1.45.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, February 17th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The firm had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. During the same period in the prior year, the business earned $0.07 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, analysts anticipate that Rush Street Interactive will post 0.43 earnings per share 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.