Rush Street Interactive (NYSE:RSI) Shares Gap Up – Time to Buy?

Rush Street Interactive, Inc. (NYSE:RSI)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $17.78, but opened at $18.78. Rush Street Interactive shares last traded at $18.3660, with a volume of 394,491 shares traded.

Analysts Set New Price Targets

RSI has been the topic of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $29.00 price target on shares of Rush Street Interactive in a research report on Sunday, January 25th. Benchmark restated a “buy” rating on shares of Rush Street Interactive in a research note on Wednesday, January 14th. Wall Street Zen raised Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. Oppenheimer reissued an “outperform” rating and set a $24.00 price target on shares of Rush Street Interactive in a report on Thursday, October 30th. Finally, Needham & Company LLC upped their price target on Rush Street Interactive from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.38.

Rush Street Interactive Stock Performance

The company has a market cap of $4.06 billion, a PE ratio of 70.72 and a beta of 1.57. The company has a fifty day moving average of $18.79 and a two-hundred day moving average of $18.92.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating 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 company had revenue of $277.91 million for the quarter, compared to the consensus estimate of $264.60 million. During the same quarter in the prior year, the company posted $0.05 EPS. Rush Street Interactive’s quarterly revenue was up 19.7% on a year-over-year basis. On average, equities analysts forecast that Rush Street Interactive, Inc. will post 0.04 EPS for the current year.

Insider Buying and Selling at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 111,112 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $19.22, for a total transaction of $2,135,572.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Mattias Stetz sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $19.09, for a total value of $1,718,100.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 876,212 shares of company stock valued at $16,241,748. 56.94% of the stock is currently owned by insiders.

Institutional Trading of Rush Street Interactive

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Rush Street Interactive by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after purchasing an additional 1,893 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Rush Street Interactive by 18.8% during the first quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock worth $7,394,000 after buying an additional 109,366 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Rush Street Interactive by 45.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 18,670 shares of the company’s stock worth $281,000 after buying an additional 5,819 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Rush Street Interactive during the second quarter worth $42,000. Finally, IFP Advisors Inc grew its holdings in Rush Street Interactive by 211.5% in the 2nd quarter. IFP Advisors Inc now owns 99,993 shares of the company’s stock valued at $1,491,000 after buying an additional 67,896 shares in the last quarter. Hedge funds and other 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.