Rush Street Interactive (NYSE:RSI) Now Covered by Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Rush Street Interactive (NYSE:RSI) in a report published on Thursday, MarketBeat reports. The firm issued an overweight rating and a $26.00 price target on the stock.

Several other equities research analysts also recently weighed in on the stock. Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Rush Street Interactive in a research note on Monday, December 29th. Citizens Jmp raised Rush Street Interactive from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Wednesday, February 18th. Oppenheimer increased their price objective on Rush Street Interactive from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Benchmark reiterated a “buy” rating on shares of Rush Street Interactive in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Rush Street Interactive has an average rating of “Moderate Buy” and an average target price of $23.22.

Rush Street Interactive Trading Down 1.8%

RSI stock opened at $21.53 on Thursday. The business’s fifty day moving average price is $18.97 and its 200 day moving average price is $19.06. 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 $5.00 billion, a PE ratio of 76.88 and a beta of 1.54.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Rush Street Interactive had a net margin of 2.94% and a return on equity of 17.95%. The firm had revenue of $324.89 million for the quarter, compared to analysts’ expectations of $305.08 million. During the same quarter last year, the business earned $0.07 earnings per share. The business’s revenue was up 27.8% compared to the same quarter last year. Research analysts predict that Rush Street Interactive will post 0.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Richard Todd Schwartz sold 247,114 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 701,934 shares of the company’s stock, valued at approximately $11,806,529.88. This trade represents a 26.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel W. Yih sold 50,000 shares of the business’s 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 sale, the director 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 position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,407,743 shares of company stock worth $26,371,042. Insiders own 56.94% of the company’s stock.

Institutional Trading of Rush Street Interactive

Several institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Rush Street Interactive during the 4th quarter worth approximately $197,000. Fuller & Thaler Asset Management Inc. grew its position in shares of 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 buying an additional 193,110 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Rush Street Interactive in the 4th quarter valued at $55,000. Voloridge Investment Management LLC raised its stake in Rush Street Interactive by 76.9% during the 4th quarter. Voloridge Investment Management LLC now owns 738,840 shares of the company’s stock worth $14,356,000 after acquiring an additional 321,288 shares in the last quarter. Finally, Polymer Capital Management US LLC raised its stake in Rush Street Interactive by 45.5% during the 4th quarter. Polymer Capital Management US LLC now owns 64,822 shares of the company’s stock worth $1,259,000 after acquiring an additional 20,258 shares in the last quarter. Hedge funds and other institutional investors own 24.78% of the company’s stock.

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.