Rush Street Interactive (NYSE:RSI) Sets New 1-Year High After Analyst Upgrade

Shares of Rush Street Interactive, Inc. (NYSE:RSI) reached a new 52-week high during mid-day trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from $20.00 to $21.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Rush Street Interactive traded as high as $23.38 and last traded at $23.34, with a volume of 499607 shares. The stock had previously closed at $22.67.

A number of other equities analysts also recently weighed in on RSI. Jefferies Financial Group reaffirmed a “buy” rating and issued a $29.00 price target on shares of Rush Street Interactive in a research note on Sunday, January 25th. Benchmark reissued a “buy” rating on shares of Rush Street Interactive in a research report on Wednesday, February 18th. Oppenheimer boosted their target price 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. Wall Street Zen lowered Rush Street Interactive from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Citigroup upgraded Rush Street Interactive to an “outperform” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Insider Buying and Selling

In related news, COO Mattias Stetz sold 29,725 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $20.07, for a total value of $596,580.75. Following the completion of the sale, the chief operating officer directly owned 8,495 shares in the company, valued at approximately $170,494.65. The trade was a 77.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel W. Yih sold 50,000 shares of the company’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 directly owned 131,678 shares of the company’s stock, valued at $2,651,994.92. The trade was a 27.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,129,537 shares of company stock valued at $21,515,822 over the last 90 days. 56.94% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RSI. Concord Wealth Partners acquired a new position in Rush Street Interactive during the 3rd quarter worth $41,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the fourth quarter valued at about $47,000. Empowered Funds LLC bought a new position in shares of Rush Street Interactive in the fourth quarter worth about $55,000. Osaic Holdings Inc. lifted its position 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 purchasing an additional 1,868 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Rush Street Interactive during the 2nd quarter worth about $90,000. Institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Stock Performance

The stock has a market cap of $5.41 billion, a P/E ratio of 82.86 and a beta of 1.45. The firm has a 50 day moving average of $20.23 and a two-hundred day moving average of $19.11.

Rush Street Interactive (NYSE:RSI) last issued its quarterly 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). Rush Street Interactive had a return on equity of 17.95% and a net margin of 2.94%.The business had revenue of $324.89 million during the quarter, compared to the consensus estimate of $305.08 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 27.8% on a year-over-year basis. On average, sell-side analysts anticipate that Rush Street Interactive, Inc. will post 0.04 EPS for the current fiscal year.

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.