JPMorgan Chase & Co. Increases Rush Street Interactive (NYSE:RSI) Price Target to $21.00

Rush Street Interactive (NYSE:RSI) had its price objective boosted by analysts at JPMorgan Chase & Co. from $20.00 to $21.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 7.43% from the stock’s current price.

Several other brokerages also recently commented on RSI. Jefferies Financial Group reaffirmed a “buy” rating and set a $29.00 target price on shares of Rush Street Interactive in a report on Sunday, January 25th. Citigroup raised shares of Rush Street Interactive to an “outperform” rating in a report on Wednesday, February 18th. Needham & Company LLC lifted their target price on shares of Rush Street Interactive from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Zacks Research downgraded shares of Rush Street Interactive from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Freedom Capital raised shares of Rush Street Interactive to a “strong-buy” rating in a report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Rush Street Interactive Stock Performance

Shares of RSI stock traded down $0.12 during midday trading on Thursday, hitting $22.69. 871,486 shares of the company were exchanged, compared to its average volume of 1,966,184. The firm has a market capitalization of $5.27 billion, a P/E ratio of 81.02 and a beta of 1.45. The firm’s 50 day moving average price is $20.11 and its two-hundred day moving average price is $19.08. Rush Street Interactive has a 52 week low of $11.12 and a 52 week high of $23.15.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Tuesday, February 17th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The company had revenue of $324.89 million for the quarter, compared to the consensus estimate of $305.08 million. Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. Analysts expect that Rush Street Interactive will post 0.04 EPS for the current year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, COO Mattias Stetz sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.07, for a total value of $441,400.00. Following the completion of the sale, the chief operating officer owned 237,874 shares of the company’s stock, valued at $5,249,879.18. The trade was a 7.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Judith Gold sold 1,714 shares of the business’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $23.03, for a total transaction of $39,473.42. Following the completion of the sale, the director directly owned 119,597 shares of the company’s stock, valued at $2,754,318.91. This represents a 1.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,129,537 shares of company stock worth $21,515,822. Company insiders own 56.94% of the company’s stock.

Institutional Trading of Rush Street Interactive

Institutional investors and hedge funds have recently made changes to their positions in the company. Concord Wealth Partners bought a new stake in shares of Rush Street Interactive during the 3rd quarter worth approximately $41,000. Kemnay Advisory Services Inc. bought a new stake in shares of Rush Street Interactive during the 4th quarter worth approximately $47,000. Empowered Funds LLC bought a new stake in shares of Rush Street Interactive during the 4th quarter worth approximately $55,000. Osaic Holdings Inc. lifted its holdings in shares of Rush Street Interactive by 62.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,872 shares of the company’s stock worth $73,000 after acquiring an additional 1,868 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in shares of Rush Street Interactive during the 2nd quarter worth approximately $90,000. 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.