Rush Street Interactive (NYSE:RSI) Stock Gets Price Target Reduction from Citizens Jmp

Rush Street Interactive (NYSE:RSI) had its price target cut by Citizens Jmp from $34.00 to $24.00 in a research note released on Thursday,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other brokerages also recently issued reports on RSI. Benchmark increased their price target on shares of Rush Street Interactive from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Citigroup reaffirmed a “market outperform” rating on shares of Rush Street Interactive in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of Rush Street Interactive from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, October 26th. JPMorgan Chase & Co. decreased their target price on shares of Rush Street Interactive from $30.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Finally, New Street Research set a $35.00 target price on shares of Rush Street Interactive in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.54.

Rush Street Interactive Trading Down 11.1%

NYSE:RSI opened at $12.11 on Thursday. The stock has a market capitalization of $2.81 billion, a PE ratio of 36.70 and a beta of 1.71. The firm’s 50 day moving average is $21.52 and its 200 day moving average is $23.74. Rush Street Interactive has a 12 month low of $11.88 and a 12 month high of $34.53.

Rush Street Interactive (NYSE:RSI) last released its quarterly earnings data on Wednesday, October 28th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.56% and a return on equity of 24.46%. The business had revenue of $385.85 million for the quarter, compared to the consensus estimate of $388.05 million. During the same period in the prior year, the firm earned $0.09 earnings per share. The company’s revenue was up 38.8% compared to the same quarter last year. Research analysts predict that Rush Street Interactive will post 0.49 earnings per share for the current year.

Insider Transactions at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $26.56, for a total value of $610,880.00. Following the transaction, the chief financial officer owned 606,526 shares in the company, valued at approximately $16,109,330.56. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,112 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $28.02, for a total value of $3,113,358.24. Following the completion of the sale, the chief executive officer directly owned 421,258 shares in the company, valued at $11,803,649.16. The trade was a 20.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 603,998 shares of company stock worth $14,814,268. Insiders own 52.89% of the company’s stock.

Institutional Investors Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently bought and sold shares of RSI. BlackRock Inc. bought a new position in shares of Rush Street Interactive during the 2nd quarter valued at $448,435,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Rush Street Interactive by 84.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,764,173 shares of the company’s stock worth $60,121,000 after buying an additional 1,267,622 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Rush Street Interactive by 15.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,285,000 shares of the company’s stock worth $49,699,000 after buying an additional 312,700 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Rush Street Interactive in the 2nd quarter worth $48,647,000. Finally, Bank of America Corp DE bought a new stake in shares of Rush Street Interactive in the second quarter worth $34,015,000. Hedge funds and other institutional investors own 24.78% of the company’s stock.

More Rush Street Interactive News

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

• Positive Sentiment: Q3 earnings beat expectations: RSI reported adjusted earnings of $0.15 per share, up from $0.09 a year earlier and ahead of the roughly $0.14 Wall Street estimate. Revenue increased 38.8% year over year to approximately $385.9 million, with online casino operations contributing 75% of total revenue. Rush Street Interactive Q3 Earnings Top Estimates
• Positive Sentiment: Analysts remain broadly constructive: Barclays, Wells Fargo, Oppenheimer, Needham and Citizens JMP maintained bullish ratings, including overweight, outperform, buy and market outperform recommendations. Even after reductions, their targets imply substantial upside from current levels. Barclays Lowers Rush Street Interactive Price Target
• Neutral Sentiment: Full-year guidance was reiterated or updated around consensus: RSI’s 2026 revenue outlook remains approximately $1.56 billion to $1.60 billion, while the latest guidance of $1.6 billion is in line with analyst expectations. This limits the risk of a major forecast cut but offers little incremental upside.
• Negative Sentiment: Revenue fell short of estimates: Despite strong growth, Q3 sales were below the approximately $388.1 million consensus forecast. Investors may be concerned that growth is not translating into results above expectations. Rush Street Interactive Reports Sales Below Estimates
• Negative Sentiment: October trends point to the low end of guidance: Management indicated that current October performance may lead RSI toward the lower end of its full-year revenue range, raising concerns about slowing momentum.
• Negative Sentiment: Multiple price targets were cut: JPMorgan reduced its target from $22 to $18 and shifted to neutral, while other firms lowered targets substantially despite retaining positive ratings. The revisions signal more cautious expectations following the earnings report.

Rush Street Interactive Company Profile

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.