Rush Street Interactive (NYSE:RSI) Sets New 1-Year High After Analyst Upgrade

Rush Street Interactive, Inc. (NYSE:RSI) shares reached a new 52-week high during mid-day trading on Wednesday after Citizens Jmp raised their price target on the stock from $24.00 to $25.00. Citizens Jmp currently has a market outperform rating on the stock. Rush Street Interactive traded as high as $23.15 and last traded at $22.5850, with a volume of 171276 shares. The stock had previously closed at $22.06.

RSI has been the subject of a number of other research reports. Oppenheimer increased their price objective on Rush Street Interactive from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Citigroup upgraded Rush Street Interactive to an “outperform” rating in a report on Wednesday, February 18th. Wells Fargo & Company assumed coverage on Rush Street Interactive in a report on Thursday, March 26th. They issued an “overweight” rating and a $26.00 price objective for the company. Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. Finally, Zacks Research cut Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $23.33.

Insider Transactions at Rush Street Interactive

In other news, COO Mattias Stetz sold 20,000 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $22.07, for a total value of $441,400.00. Following the sale, the chief operating officer directly owned 237,874 shares of the company’s stock, valued at approximately $5,249,879.18. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 15,000 shares of the stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $23.00, for a total value of $345,000.00. Following the completion of the sale, the insider directly owned 138,256 shares in the company, valued at approximately $3,179,888. This represents a 9.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,286,158 shares of company stock valued at $24,519,548. 56.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently modified their holdings of the stock. Concord Wealth Partners purchased a new stake in shares of Rush Street Interactive during the third quarter valued at $41,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Rush Street Interactive during the fourth quarter valued at $47,000. Empowered Funds LLC purchased a new stake in shares of Rush Street Interactive during the fourth quarter valued at $55,000. Osaic Holdings Inc. boosted its position in shares of 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 buying an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Rush Street Interactive during the second quarter valued at $90,000. 24.78% of the stock is owned by hedge funds and other institutional investors.

Rush Street Interactive Price Performance

The company has a market capitalization of $5.16 billion, a PE ratio of 79.24 and a beta of 1.45. The firm has a 50-day moving average of $19.68 and a 200 day moving average of $19.08.

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 the consensus estimate of $0.10 by ($0.02). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The business had revenue of $324.89 million for the quarter, compared to analysts’ expectations of $305.08 million. During the same period last year, the business earned $0.07 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. Equities analysts expect that Rush Street Interactive, Inc. will post 0.04 EPS for the current 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.