Rush Street Interactive (NYSE:RSI) Shares Gap Up – Time to Buy?

Shares of Rush Street Interactive, Inc. (NYSE:RSI) gapped up prior to trading on Friday . The stock had previously closed at $17.78, but opened at $18.78. Rush Street Interactive shares last traded at $18.3660, with a volume of 394,491 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on RSI. Wall Street Zen raised shares of Rush Street Interactive from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 7th. Craig Hallum reaffirmed a “buy” rating on shares of Rush Street Interactive in a research note on Tuesday, December 9th. Zacks Research lowered Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a report on Wednesday, January 14th. Finally, Oppenheimer restated an “outperform” rating and issued a $24.00 target price on shares of Rush Street Interactive in a research report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rush Street Interactive currently has an average rating of “Moderate Buy” and a consensus target price of $21.38.

Rush Street Interactive Price Performance

The stock has a market cap of $4.22 billion, a PE ratio of 73.82 and a beta of 1.57. The business has a 50 day moving average price of $18.78 and a two-hundred day moving average price of $18.88.

Rush Street Interactive (NYSE:RSI) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $277.91 million during the quarter, compared to analyst estimates of $264.60 million. Rush Street Interactive had a net margin of 2.83% and a return on equity of 17.11%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. On average, sell-side analysts forecast that Rush Street Interactive, Inc. will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Mattias Stetz sold 90,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $19.09, for a total transaction of $1,718,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Todd Schwartz sold 134,148 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $18.37, for a total value of $2,464,298.76. Following the transaction, the chief executive officer owned 514,578 shares in the company, valued at approximately $9,452,797.86. This represents a 20.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 876,212 shares of company stock valued at $16,241,748. Insiders own 56.94% of the company’s stock.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Man Group plc increased its position in Rush Street Interactive by 0.7% during the 2nd quarter. Man Group plc now owns 89,535 shares of the company’s stock valued at $1,334,000 after purchasing an additional 654 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Rush Street Interactive by 4.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,422 shares of the company’s stock valued at $398,000 after purchasing an additional 752 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Rush Street Interactive by 15.6% during the third quarter. New York State Teachers Retirement System now owns 8,022 shares of the company’s stock valued at $164,000 after buying an additional 1,084 shares during the period. Cerity Partners LLC raised its stake in Rush Street Interactive by 5.3% in the second quarter. Cerity Partners LLC now owns 23,067 shares of the company’s stock worth $344,000 after buying an additional 1,167 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Rush Street Interactive by 11.1% in the second quarter. Teacher Retirement System of Texas now owns 13,615 shares of the company’s stock worth $203,000 after buying an additional 1,358 shares during the period. Hedge funds and other institutional investors own 24.78% of the company’s stock.

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.