Rush Street Interactive (NYSE:RSI) Downgraded to “Buy” Rating by Wall Street Zen

Rush Street Interactive (NYSE:RSI) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms have also commented on RSI. Susquehanna set a $22.00 price target on shares of Rush Street Interactive in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Rush Street Interactive in a report on Monday, December 29th. Needham & Company LLC upped their target price on Rush Street Interactive from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday. Craig Hallum reiterated a “buy” rating on shares of Rush Street Interactive in a research report on Tuesday, December 9th. Finally, Citizens Jmp raised Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a report on Wednesday. Ten investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus price target of $22.00.

Rush Street Interactive Trading Down 0.8%

RSI stock opened at $18.52 on Friday. The stock’s 50 day simple moving average is $18.42 and its 200 day simple moving average is $19.04. Rush Street Interactive has a 12-month low of $9.54 and a 12-month high of $22.65. The firm has a market cap of $4.25 billion, a P/E ratio of 66.13 and a beta of 1.54.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The business had revenue of $324.89 million during the quarter, compared to analyst estimates of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. On average, research analysts forecast that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 90,000 shares of Rush Street Interactive stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $19.09, for a total transaction of $1,718,100.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Kyle Sauers sold 160,067 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $19.07, for a total value of $3,052,477.69. Following the completion of the transaction, the chief financial officer directly owned 663,306 shares of the company’s stock, valued at approximately $12,649,245.42. The trade was a 19.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,166,535 shares of company stock worth $21,201,337. Company insiders own 56.94% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Concord Wealth Partners bought a new position in Rush Street Interactive in the 3rd quarter valued at about $41,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $47,000. Empowered Funds LLC acquired a new stake in shares of Rush Street Interactive in the 4th quarter worth approximately $55,000. Osaic Holdings Inc. boosted its holdings 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 valued at $73,000 after acquiring an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Rush Street Interactive in the second quarter valued at approximately $90,000. 24.78% of the stock is currently owned by institutional investors.

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.