Rush Street Interactive (NYSE:RSI) Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Rush Street Interactive (NYSE:RSI) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other research firms have also recently commented on RSI. Craig Hallum reiterated a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. JPMorgan Chase & Co. raised their price objective on shares of Rush Street Interactive from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday. Needham & Company LLC upped their price objective on Rush Street Interactive from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Finally, Oppenheimer reissued an “outperform” rating and set a $24.00 price objective on shares of Rush Street Interactive in a report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.25.

Rush Street Interactive Stock Performance

Shares of NYSE:RSI opened at $19.34 on Monday. Rush Street Interactive has a 52 week low of $9.54 and a 52 week high of $22.65. The firm has a market cap of $4.44 billion, a PE ratio of 77.36 and a beta of 1.65. The firm’s fifty day moving average is $18.32 and its 200-day moving average is $18.32.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Rush Street Interactive had a return on equity of 17.11% and a net margin of 2.83%.The business had revenue of $277.91 million during the quarter, compared to analysts’ expectations of $264.60 million. During the same quarter last year, the firm posted $0.05 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. Sell-side analysts forecast that Rush Street Interactive will post 0.04 EPS for the current year.

Insider Transactions at Rush Street Interactive

In other news, CEO Richard Todd Schwartz sold 134,148 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $18.37, for a total value of $2,464,298.76. Following the completion of the transaction, the chief executive officer directly owned 514,578 shares of the company’s stock, valued at approximately $9,452,797.86. The trade was a 20.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Mattias Stetz sold 30,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $18.51, for a total transaction of $555,300.00. Following the completion of the sale, the chief operating officer owned 164,806 shares in the company, valued at $3,050,559.06. This represents a 15.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 641,715 shares of company stock worth $11,632,465. Company insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL grew its position in shares of Rush Street Interactive by 72.7% in the third quarter. Tudor Investment Corp ET AL now owns 1,000,911 shares of the company’s stock valued at $20,499,000 after purchasing an additional 421,234 shares in the last quarter. Cambria Investment Management L.P. increased its position in shares of Rush Street Interactive by 25.0% during the third quarter. Cambria Investment Management L.P. now owns 49,419 shares of the company’s stock worth $1,012,000 after purchasing an additional 9,882 shares in the last quarter. Danske Bank A S purchased a new stake in Rush Street Interactive in the third quarter valued at approximately $1,267,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Rush Street Interactive during the third quarter worth about $10,404,000. Finally, Oberweis Asset Management Inc. raised its position in Rush Street Interactive by 11.4% during the 3rd quarter. Oberweis Asset Management Inc. now owns 1,191,560 shares of the company’s stock worth $24,403,000 after buying an additional 121,860 shares during the last quarter. Institutional investors and hedge funds 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.