Rush Street Interactive (NYSE:RSI) Hits New 1-Year High – Time to Buy?

Rush Street Interactive, Inc. (NYSE:RSI) shares reached a new 52-week high on Monday . The stock traded as high as $32.30 and last traded at $31.55, with a volume of 61143 shares traded. The stock had previously closed at $31.68.

Analysts Set New Price Targets

Several research firms recently weighed in on RSI. Oppenheimer lifted their target price on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Freedom Capital raised Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. Benchmark lifted their price objective on Rush Street Interactive from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Citigroup reiterated an “outperform” rating on shares of Rush Street Interactive in a research note on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.25.

Rush Street Interactive Price Performance

The company’s 50-day simple moving average is $27.87 and its 200 day simple moving average is $22.60. The firm has a market cap of $7.37 billion, a P/E ratio of 102.14 and a beta of 1.56.

Rush Street Interactive (NYSE:RSI) last posted its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm 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%. The business’s quarterly revenue was up 41.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. Analysts anticipate that Rush Street Interactive, Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kyle Sauers sold 23,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $25.44, for a total value of $585,120.00. Following the completion of the sale, the chief financial officer directly owned 631,258 shares in the company, valued at $16,059,203.52. This trade represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 10,000 shares of Rush Street Interactive stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $30.12, for a total transaction of $301,200.00. Following the transaction, the insider directly owned 93,256 shares of the company’s stock, valued at $2,808,870.72. The trade was a 9.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,156,093 shares of company stock valued at $80,792,304. Insiders own 52.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors have recently made changes to their positions in the company. Precision Wealth Strategies LLC bought a new stake in Rush Street Interactive in the fourth quarter worth about $1,680,000. UBS Group AG grew its stake in shares of Rush Street Interactive by 4.0% during the fourth quarter. UBS Group AG now owns 1,037,277 shares of the company’s stock valued at $20,154,000 after buying an additional 40,232 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Rush Street Interactive during the fourth quarter valued at approximately $2,053,000. Vanguard Group Inc. raised its holdings in shares of Rush Street Interactive by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after buying an additional 227,783 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of Rush Street Interactive by 17.3% in the fourth quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock worth $49,698,000 after buying an additional 378,002 shares during the period. Institutional investors own 24.78% of the company’s stock.

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.