Rush Street Interactive (NYSE:RSI) Shares Gap Up After Analyst Upgrade

Rush Street Interactive, Inc. (NYSE:RSI) shares gapped up prior to trading on Wednesday after Needham & Company LLC raised their price target on the stock from $23.00 to $25.00. The stock had previously closed at $16.94, but opened at $20.33. Needham & Company LLC currently has a buy rating on the stock. Rush Street Interactive shares last traded at $18.0210, with a volume of 2,074,976 shares traded.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $29.00 target price on shares of Rush Street Interactive in a research report on Sunday, January 25th. Susquehanna set a $22.00 price objective on Rush Street Interactive in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Citigroup upgraded shares of Rush Street Interactive to an “outperform” rating in a report on Wednesday. Finally, Oppenheimer boosted their price target on shares of Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Insider Buying and Selling

In other news, CFO Kyle Sauers sold 160,067 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $19.07, for a total value of $3,052,477.69. Following the transaction, the chief financial officer directly owned 663,306 shares of the company’s stock, valued at approximately $12,649,245.42. This represents a 19.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mattias Stetz sold 20,000 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $17.67, for a total value of $353,400.00. Following the sale, the chief operating officer owned 289,624 shares of the company’s stock, valued at approximately $5,117,656.08. This represents a 6.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 919,421 shares of company stock worth $17,044,879. 56.94% of the stock is owned by company insiders.

Rush Street Interactive News Summary

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Record revenue and strong guidance: RSI reported Q4 revenue of $324.9M (+28% YoY) and full‑year 2025 revenue of $1,134M (above the high end of prior guidance). Management initiated 2026 revenue guidance of $1,375–$1,425M and adjusted EBITDA guidance of $210–$230M — a material upward signal for growth and margins. Read More.
• Positive Sentiment: Ambitious 2026 growth target and “casino‑first” strategy: Management outlined a 21%–26% revenue growth target for 2026 and emphasized a casino‑first strategy expected to accelerate user expansion — supports continued top‑line momentum. Read More.
• Positive Sentiment: Analyst upgrade: Citizens Jmp raised RSI from market perform to outperform with a $24 price target (roughly ~32% upside vs. current levels), which can attract momentum buyers and institutional interest. Read More.
• Neutral Sentiment: Earnings materials and call details are available: The earnings slide deck and full call transcript were posted (useful for modeling and verifying management assumptions). Read More.
• Negative Sentiment: EPS miss: Reported EPS was $0.08 vs. consensus $0.10, a small miss that may temper short‑term sentiment despite the revenue beat. Read More.
• Negative Sentiment: Insider selling: Reports flagged the CEO’s largest-ever sale of RSI shares, which could raise governance or confidence questions for some investors even though the transaction’s context matters. Read More.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Rush Street Interactive in the third quarter worth about $4,232,000. Allspring Global Investments Holdings LLC bought a new position in shares of Rush Street Interactive in the 2nd quarter valued at approximately $361,000. Arrowstreet Capital Limited Partnership lifted its holdings in Rush Street Interactive by 38.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,443,545 shares of the company’s stock worth $21,509,000 after purchasing an additional 398,089 shares during the last quarter. Emerald Advisers LLC boosted its position in Rush Street Interactive by 12.6% during the third quarter. Emerald Advisers LLC now owns 1,341,739 shares of the company’s stock worth $27,479,000 after purchasing an additional 149,918 shares during the period. Finally, Emerald Mutual Fund Advisers Trust boosted its position in Rush Street Interactive by 11.0% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 825,244 shares of the company’s stock worth $16,901,000 after purchasing an additional 82,055 shares during the period. 24.78% of the stock is currently owned by institutional investors and hedge funds.

Rush Street Interactive Price Performance

The company has a market cap of $4.17 billion, a price-to-earnings ratio of 64.84 and a beta of 1.54. The firm has a fifty day simple moving average of $18.44 and a 200 day simple moving average of $19.05.

Rush Street Interactive (NYSE:RSI) last issued its quarterly earnings data on Tuesday, February 17th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a return on equity of 19.12% and a net margin of 2.94%.The firm had revenue of $324.89 million during the quarter, compared to analyst estimates of $305.08 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Rush Street Interactive’s quarterly revenue was up 27.8% compared to the same quarter last year. Analysts expect that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current year.

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.