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 Friday after JPMorgan Chase & Co. raised their price target on the stock from $20.00 to $21.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Rush Street Interactive traded as high as $23.38 and last traded at $23.34, with a volume of 499607 shares changing hands. The stock had previously closed at $22.67.

A number of other equities research analysts have also weighed in on RSI. Oppenheimer lifted their price objective on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Wall Street Zen downgraded Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 21st. Zacks Research downgraded Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Citigroup upgraded shares of Rush Street Interactive to an “outperform” rating in a report on Wednesday, February 18th. Finally, Benchmark restated a “buy” rating on shares of Rush Street Interactive in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

Insider Activity

In other news, COO Mattias Stetz sold 29,725 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $20.07, for a total transaction of $596,580.75. Following the transaction, the chief operating officer owned 8,495 shares in the company, valued at $170,494.65. This trade represents a 77.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Daniel W. Yih sold 50,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was 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. This trade represents a 27.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,239,588 shares of company stock valued at $24,025,669 in the last quarter. Company insiders own 56.94% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

A number of institutional investors have recently added to or reduced their stakes in RSI. Vanguard Group Inc. increased its position in Rush Street Interactive by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 9,050,062 shares of the company’s stock worth $175,843,000 after purchasing an additional 227,783 shares during the last quarter. Alliancebernstein L.P. raised its position in Rush Street Interactive by 1.3% in the second quarter. Alliancebernstein L.P. now owns 6,214,230 shares of the company’s stock valued at $92,592,000 after purchasing an additional 80,471 shares during the period. Ameriprise Financial Inc. grew its position in Rush Street Interactive by 763.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,822,991 shares of the company’s stock valued at $57,815,000 after acquiring an additional 2,496,109 shares in the last quarter. William Blair Investment Management LLC grew its position in Rush Street Interactive by 17.3% in the 4th quarter. William Blair Investment Management LLC now owns 2,557,778 shares of the company’s stock valued at $49,698,000 after acquiring an additional 378,002 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in Rush Street Interactive by 8.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,517,402 shares of the company’s stock valued at $48,913,000 after acquiring an additional 193,110 shares in the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 81.89 and a beta of 1.45. The firm has a 50-day simple moving average of $20.33 and a two-hundred day simple moving average of $19.11.

Rush Street Interactive (NYSE:RSI) last issued its quarterly 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 business had revenue of $324.89 million during the quarter, compared to analysts’ expectations of $305.08 million. Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.07 EPS. As a group, equities analysts forecast that Rush Street Interactive, Inc. 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.