Rush Street Interactive (NYSE:RSI) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Rush Street Interactive (NYSE:RSI) to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently commented on the company. Benchmark reiterated a “buy” rating on shares of Rush Street Interactive in a research note on Wednesday, February 18th. Craig Hallum restated a “buy” rating on shares of Rush Street Interactive in a report on Tuesday, December 9th. Oppenheimer upped their target price on Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Wall Street Zen cut Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.88.

Rush Street Interactive Price Performance

Rush Street Interactive stock opened at $20.26 on Wednesday. Rush Street Interactive has a 12-month low of $9.66 and a 12-month high of $22.65. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 72.35 and a beta of 1.54. The firm’s fifty day moving average price is $18.61 and its 200 day moving average price is $19.10.

Rush Street Interactive (NYSE:RSI) last posted 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). The firm 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 previous year, the company earned $0.07 earnings per share. Analysts forecast that Rush Street Interactive will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, CEO Richard Todd Schwartz sold 247,114 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $16.82, for a total transaction of $4,156,457.48. Following the transaction, the chief executive officer owned 701,934 shares of the company’s stock, valued at $11,806,529.88. This trade represents a 26.04% decrease in their position. The transaction 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 stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $20.14, for a total value of $1,007,000.00. Following the transaction, the director directly owned 131,678 shares in the company, valued at approximately $2,651,994.92. This represents a 27.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,372,743 shares of company stock valued at $25,614,892 over the last ninety days. 56.94% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Rush Street Interactive

A number of institutional investors have recently made changes to their positions in RSI. Concord Wealth Partners bought a new position in Rush Street Interactive during the third quarter worth $41,000. Kemnay Advisory Services Inc. bought a new stake in Rush Street Interactive during the fourth quarter valued at $47,000. Empowered Funds LLC bought a new stake in Rush Street Interactive during the fourth quarter valued at $55,000. Osaic Holdings Inc. raised its holdings 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 worth $73,000 after purchasing an additional 1,868 shares during the period. Finally, Lazard Asset Management LLC bought a new position in shares of Rush Street Interactive in the 2nd quarter worth about $90,000. 24.78% of the stock is currently owned by institutional investors.

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.