Citizens Jmp Issues Positive Forecast for Rush Street Interactive (NYSE:RSI) Stock Price

Rush Street Interactive (NYSE:RSI) had its price target lifted by investment analysts at Citizens Jmp from $30.00 to $33.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price objective suggests a potential upside of 2.20% from the company’s previous close.

Several other brokerages also recently commented on RSI. JPMorgan Chase & Co. raised their target price on Rush Street Interactive from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 16th. Needham & Company LLC raised their price objective on Rush Street Interactive from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer boosted their price objective on Rush Street Interactive from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group upped their target price on Rush Street Interactive from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. One 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.62.

Rush Street Interactive Stock Up 0.2%

Shares of RSI stock opened at $32.29 on Wednesday. The firm has a 50 day moving average of $28.22 and a 200-day moving average of $22.78. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 104.16 and a beta of 1.56. Rush Street Interactive has a 52 week low of $14.38 and a 52 week high of $32.52.

Rush Street Interactive (NYSE:RSI) last released its earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.82 million. Rush Street Interactive had a net margin of 2.98% and a return on equity of 17.21%. Rush Street Interactive’s quarterly revenue was up 41.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.09 EPS. Analysts anticipate that Rush Street Interactive will post 0.47 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Judith Gold sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $27.58, for a total value of $1,379,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Todd Schwartz sold 710,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $24.96, for a total value of $17,721,600.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,139,379 shares of company stock valued at $80,407,830 in the last 90 days. Insiders own 52.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in shares of Rush Street Interactive in the fourth quarter worth about $47,000. CoreCap Advisors LLC bought a new position in Rush Street Interactive in the 2nd quarter worth approximately $54,000. Empowered Funds LLC bought a new position in Rush Street Interactive in the 4th quarter worth approximately $55,000. Osaic Holdings Inc. grew its stake in Rush Street Interactive by 62.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock valued at $73,000 after buying an additional 1,868 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Rush Street Interactive in the 2nd quarter valued at approximately $90,000. 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.