Rush Street Interactive, Inc. (NYSE:RSI) Receives Average Rating of “Moderate Buy” from Brokerages

Rush Street Interactive, Inc. (NYSE:RSI) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $35.2222.

RSI has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $39.00 target price on shares of Rush Street Interactive in a research note on Thursday, July 30th. Citizens Jmp boosted their price target on shares of Rush Street Interactive from $33.00 to $34.00 and gave the company a “market outperform” rating in a research report on Thursday, July 30th. Benchmark upped their price objective on shares of Rush Street Interactive from $30.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Needham & Company LLC raised their price objective on shares of Rush Street Interactive from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Finally, Oppenheimer lifted their target price on shares of Rush Street Interactive from $30.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th.

Insider Activity

In related news, COO Mattias Stetz sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $28.03, for a total value of $560,600.00. Following the transaction, the chief operating officer directly owned 177,874 shares in the company, valued at approximately $4,985,808.22. This represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 10,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $30.12, for a total value of $301,200.00. Following the completion of the transaction, the insider owned 93,256 shares of the company’s stock, valued at $2,808,870.72. The trade was a 9.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 614,002 shares of company stock worth $17,350,367. Corporate insiders own 52.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Rush Street Interactive by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,163 shares of the company’s stock worth $484,000 after purchasing an additional 1,893 shares during the period. Goldman Sachs Group Inc. raised its holdings in Rush Street Interactive by 18.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 689,701 shares of the company’s stock valued at $7,394,000 after buying an additional 109,366 shares during the period. Prudential Financial Inc. purchased a new stake in Rush Street Interactive in the 2nd quarter valued at about $166,000. Invesco Ltd. lifted its position in Rush Street Interactive by 377.1% in the second quarter. Invesco Ltd. now owns 272,693 shares of the company’s stock valued at $4,063,000 after buying an additional 215,538 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in Rush Street Interactive in the second quarter valued at about $3,766,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

Rush Street Interactive Trading Down 8.4%

RSI stock opened at $26.01 on Thursday. The firm has a 50-day moving average of $29.91 and a two-hundred day moving average of $24.54. Rush Street Interactive has a 12 month low of $15.51 and a 12 month high of $34.53. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 89.68 and a beta of 1.59.

Rush Street Interactive (NYSE:RSI) last issued its earnings results on Wednesday, July 29th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. Rush Street Interactive had a return on equity of 18.88% and a net margin of 2.33%.The business had revenue of $393.78 million for the quarter, compared to analysts’ expectations of $367.75 million. During the same period in the previous year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. As a group, equities analysts forecast that Rush Street Interactive will post 0.49 earnings per share for the current year.

Rush Street Interactive News Roundup

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: RSI’s BetRivers platform launched AGS’s Bonus Spin Xtreme progressive table-game platform exclusively online. The partnership expands the company’s real-money casino content and could support customer engagement and gaming revenue. AGS launches Bonus Spin Xtreme on BetRivers
• Positive Sentiment: Analyst sentiment remains supportive following RSI’s latest quarterly results, with Needham raising its price target to $36 and Weiss Ratings upgrading the stock to “buy.” The consensus rating is “Moderate Buy,” with an average target price of $35.22.
• Neutral Sentiment: Several executives sold shares under pre-arranged Rule 10b5-1 trading plans, which reduces the likelihood that the transactions reflect a new negative view of the business. CFO Kyle Sauers sold 23,000 shares for about $613,000, while COO Mattias Stetz sold 20,000 shares for approximately $561,000.
• Negative Sentiment: CEO Richard Todd Schwartz sold a combined 158,334 shares for roughly $4.44 million, reducing his direct holdings by more than 30%. The CEO, CFO and COO sales collectively may pressure investor sentiment, particularly because RSI trades at a high valuation of roughly 90 times earnings. RSI insider selling report

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.