Rush Street Interactive (NYSE:RSI) Price Target Raised to $30.00

Rush Street Interactive (NYSE:RSI) had its target price increased by JPMorgan Chase & Co. from $26.00 to $30.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also commented on the stock. Citizens Jmp raised their target price on shares of Rush Street Interactive from $30.00 to $33.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 8th. Oppenheimer boosted their price target on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Jefferies Financial Group increased their price objective on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Citigroup restated an “outperform” rating on shares of Rush Street Interactive in a report on Wednesday, July 8th. Finally, Wells Fargo & Company lifted their target price on Rush Street Interactive from $26.00 to $29.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Rush Street Interactive currently has a consensus rating of “Moderate Buy” and an average price target of $30.75.

Rush Street Interactive Trading Down 1.0%

NYSE RSI opened at $32.46 on Wednesday. The company’s 50-day moving average price is $29.17 and its 200-day moving average price is $23.52. The stock has a market cap of $7.55 billion, a PE ratio of 104.70 and a beta of 1.56. Rush Street Interactive has a 12 month low of $14.38 and a 12 month high of $34.51.

Rush Street Interactive (NYSE:RSI) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $370.36 million during the quarter, compared to analyst estimates of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, sell-side analysts forecast that Rush Street Interactive will post 0.49 earnings per share for the current year.

Insider Buying and Selling at Rush Street Interactive

In related news, COO Mattias Stetz sold 74,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $1,859,520.00. Following the completion of the transaction, the chief operating officer owned 237,874 shares of the company’s stock, valued at $5,937,335.04. The trade was a 23.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Richard Todd Schwartz sold 710,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $24.96, for a total value of $17,721,600.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,052,328 shares of company stock valued at $78,623,173 in the last ninety days. Company insiders own 52.89% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in RSI. Assenagon Asset Management S.A. lifted its stake in shares of Rush Street Interactive by 82.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,139,667 shares of the company’s stock worth $33,894,000 after purchasing an additional 516,534 shares during the last quarter. CoreCap Advisors LLC bought a new position in Rush Street Interactive in the second quarter worth about $54,000. City Center Advisors LLC bought a new position in Rush Street Interactive in the second quarter worth about $414,000. Prospect Capital Advisors LLC lifted its position in shares of Rush Street Interactive by 9.1% during the first quarter. Prospect Capital Advisors LLC now owns 482,500 shares of the company’s stock valued at $10,494,000 after buying an additional 40,050 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Rush Street Interactive by 81.8% during the first quarter. Bank of America Corp DE now owns 852,653 shares of the company’s stock valued at $18,545,000 after buying an additional 383,745 shares during the last quarter. 24.78% of the stock is 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.