Rush Street Interactive (NYSE:RSI) Stock Price Down 3.7% – Here’s Why

Rush Street Interactive, Inc. (NYSE:RSI) shares fell 3.7% during trading on Wednesday . The company traded as low as $19.61 and last traded at $19.3750. 133,310 shares were traded during trading, a decline of 92% from the average session volume of 1,614,245 shares. The stock had previously closed at $20.11.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RSI shares. Craig Hallum restated a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Susquehanna upped their price objective on shares of Rush Street Interactive from $22.00 to $23.00 and gave the stock a “positive” rating in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday. Benchmark boosted their price target on shares of Rush Street Interactive from $20.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, Needham & Company LLC increased their price target on shares of Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

Rush Street Interactive Price Performance

The stock has a market capitalization of $4.44 billion, a PE ratio of 77.36 and a beta of 1.57. The firm’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $18.33.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $277.91 million for the quarter, compared to analyst estimates of $264.60 million. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. Analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 134,148 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 514,578 shares in the company, valued at approximately $9,452,797.86. The trade was a 20.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Mattias Stetz sold 30,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $18.51, for a total value of $555,300.00. Following the sale, the chief operating officer directly owned 164,806 shares of the company’s stock, valued at approximately $3,050,559.06. This trade represents a 15.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 641,715 shares of company stock worth $11,632,465. Company insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSI. Concord Wealth Partners bought a new stake in Rush Street Interactive in the 3rd quarter worth $41,000. Farther Finance Advisors LLC purchased a new stake in shares of Rush Street Interactive during the second quarter worth about $42,000. Osaic Holdings Inc. grew its stake in shares of Rush Street Interactive by 62.2% in the second quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after purchasing an additional 1,868 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Rush Street Interactive during the 2nd quarter valued at about $90,000. Finally, Pacer Advisors Inc. increased its holdings in Rush Street Interactive by 57.2% during the 3rd quarter. Pacer Advisors Inc. now owns 5,027 shares of the company’s stock valued at $103,000 after purchasing an additional 1,830 shares during the period. 24.78% of the stock is currently owned by 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.