Rush Street Interactive, Inc. (NYSE:RSI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Rush Street Interactive, Inc. (NYSE:RSI) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $23.2222.

Several equities research analysts have recently issued reports on RSI shares. Needham & Company LLC raised their price target on Rush Street Interactive from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Freedom Capital raised Rush Street Interactive to a “strong-buy” rating in a research report on Wednesday, March 11th. Citizens Jmp upgraded Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 target price for the company in a research note on Wednesday, February 18th. Oppenheimer raised their target price on Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Finally, Benchmark reaffirmed a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th.

Insider Activity at Rush Street Interactive

In related news, Director Daniel W. Yih sold 50,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $20.14, for a total transaction of $1,007,000.00. Following the transaction, the director owned 131,678 shares of the company’s stock, valued at approximately $2,651,994.92. The trade was a 27.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Paul Wierbicki sold 15,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $21.05, for a total transaction of $315,750.00. Following the transaction, the insider owned 168,256 shares of the company’s stock, valued at approximately $3,541,788.80. The trade was a 8.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,407,743 shares of company stock worth $26,371,042. Insiders own 56.94% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RSI. Concord Wealth Partners acquired a new position in shares of Rush Street Interactive during the third quarter valued at about $41,000. Kemnay Advisory Services Inc. acquired a new stake in Rush Street Interactive during the fourth quarter worth about $47,000. Empowered Funds LLC bought a new position in Rush Street Interactive during the fourth quarter valued at about $55,000. Osaic Holdings Inc. increased its stake in Rush Street Interactive by 62.2% during 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 during the period. Finally, Lazard Asset Management LLC acquired a new position in Rush Street Interactive in the 2nd quarter valued at approximately $90,000. Institutional investors and hedge funds own 24.78% of the company’s stock.

Rush Street Interactive Trading Down 1.8%

NYSE RSI opened at $21.53 on Friday. The company has a fifty day simple moving average of $18.97 and a 200 day simple moving average of $19.06. The company has a market cap of $5.00 billion, a P/E ratio of 76.88 and a beta of 1.54. Rush Street Interactive has a 1 year low of $9.66 and a 1 year high of $22.65.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $324.89 million during the quarter, compared to the consensus estimate 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 was up 27.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. Equities research analysts forecast that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

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.