JPMorgan Chase & Co. Issues Positive Forecast for Rush Street Interactive (NYSE:RSI) Stock Price

Rush Street Interactive (NYSE:RSI) had its price objective lifted by JPMorgan Chase & Co. from $20.00 to $21.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Citizens Jmp raised their target price on shares of Rush Street Interactive from $24.00 to $25.00 and gave the stock a “market outperform” rating in a research report on Wednesday, April 8th. Zacks Research cut shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Wall Street Zen cut shares of Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Citigroup raised shares of Rush Street Interactive to an “outperform” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

Rush Street Interactive Trading Down 0.5%

NYSE:RSI opened at $22.69 on Thursday. The company has a 50-day moving average price of $20.23 and a 200-day moving average price of $19.11. Rush Street Interactive has a 12 month low of $11.12 and a 12 month high of $23.15. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 81.02 and a beta of 1.45.

Rush Street Interactive (NYSE:RSI) last posted 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). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The company had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. During the same period in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Equities analysts forecast that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

Insider Activity

In other Rush Street Interactive news, Director Daniel W. Yih sold 50,000 shares of Rush Street Interactive stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $20.14, for a total value of $1,007,000.00. Following the completion of the transaction, the director directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kyle Sauers sold 23,000 shares of Rush Street Interactive stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $19.46, for a total transaction of $447,580.00. Following the completion of the transaction, the chief financial officer directly owned 640,306 shares of the company’s stock, valued at $12,460,354.76. This trade represents a 3.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,129,537 shares of company stock valued at $21,515,822 over the last ninety days. 56.94% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Concord Wealth Partners purchased a new position in Rush Street Interactive in the third quarter worth about $41,000. Kemnay Advisory Services Inc. purchased a new position in Rush Street Interactive in the fourth quarter worth about $47,000. Empowered Funds LLC purchased a new position in Rush Street Interactive in the fourth quarter worth about $55,000. Osaic Holdings Inc. raised its holdings in 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 buying an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Rush Street Interactive in the second quarter worth about $90,000. 24.78% of the stock is owned by hedge funds and other 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.