Rush Street Interactive (NYSE:RSI) Hits New 12-Month High – Should You Buy?

Rush Street Interactive, Inc. (NYSE:RSI) reached a new 52-week high on Thursday . The stock traded as high as $31.04 and last traded at $30.75, with a volume of 140332 shares trading hands. The stock had previously closed at $29.83.

Wall Street Analysts Forecast Growth

RSI has been the subject of a number of research reports. Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. Citigroup restated an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, May 20th. Wells Fargo & Company upped their target price on shares of Rush Street Interactive from $26.00 to $29.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Jefferies Financial Group increased their price target on shares of Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.25.

Rush Street Interactive Stock Performance

The stock has a market cap of $7.01 billion, a PE ratio of 97.13 and a beta of 1.58. The firm has a 50-day moving average price of $26.73 and a 200-day moving average price of $22.00.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. As a group, sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Neil Bluhm sold 1,371,150 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $24.96, for a total value of $34,223,904.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Todd Schwartz sold 47,222 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $25.58, for a total value of $1,207,938.76. Following the completion of the transaction, the chief executive officer directly owned 374,036 shares in the company, valued at $9,567,840.88. This trade represents a 11.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,101,241 shares of company stock worth $77,880,983 over the last three months. 52.89% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently modified their holdings of RSI. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive during the 4th quarter valued at about $47,000. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $55,000. Osaic Holdings Inc. raised its holdings in shares of Rush Street Interactive by 62.2% during the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after purchasing an additional 1,868 shares during the last quarter. US Bancorp DE bought a new position in Rush Street Interactive during the third quarter valued at approximately $115,000. Finally, Lazard Asset Management LLC bought a new position in Rush Street Interactive during the second quarter valued at approximately $90,000. 24.78% of the stock is 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.