Rush Street Interactive (NYSE:RSI) Shares Gap Down – What’s Next?

Shares of Rush Street Interactive, Inc. (NYSE:RSI) gapped down before the market opened on Wednesday . The stock had previously closed at $29.17, but opened at $26.20. Rush Street Interactive shares last traded at $26.9720, with a volume of 2,077,731 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on RSI shares. Citigroup reaffirmed an “outperform” rating on shares of Rush Street Interactive in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on Rush Street Interactive from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. Freedom Capital upgraded Rush Street Interactive to a “strong-buy” rating in a research note on Wednesday, March 11th. Benchmark lifted their price objective on Rush Street Interactive from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Needham & Company LLC boosted their price target 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.63.

Rush Street Interactive Trading Down 4.6%

The firm has a fifty day simple moving average of $21.88 and a 200-day simple moving average of $19.52. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of 89.79 and a beta of 1.65.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Rush Street Interactive had a return on equity of 17.21% and a net margin of 2.98%.The firm had revenue of $370.36 million for the quarter, compared to the consensus estimate of $330.83 million. During the same quarter last year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 41.1% on a year-over-year basis. On average, equities analysts predict that Rush Street Interactive, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at Rush Street Interactive

In related news, CEO Richard Todd Schwartz sold 47,223 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $28.13, for a total value of $1,328,382.99. Following the completion of the sale, the chief executive officer directly owned 374,036 shares in the company, valued at approximately $10,521,632.68. The trade was a 11.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Paul Wierbicki sold 45,000 shares of Rush Street Interactive stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $27.55, for a total value of $1,239,750.00. Following the completion of the transaction, the insider owned 93,256 shares in the company, valued at approximately $2,569,202.80. The trade was a 32.55% 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. In the last ninety days, insiders have sold 1,315,809 shares of company stock worth $28,808,305. Insiders own 52.89% of the company’s stock.

Institutional Trading of Rush Street Interactive

A number of institutional investors have recently bought and sold shares of RSI. Concord Wealth Partners bought a new stake in Rush Street Interactive during the third quarter valued at $41,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rush Street Interactive in the 4th quarter worth about $47,000. Empowered Funds LLC purchased a new stake in Rush Street Interactive in the 4th quarter valued at about $55,000. Osaic Holdings Inc. increased 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 during the last quarter. Finally, Lazard Asset Management LLC purchased 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.

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.